# Income Tax Act 2007, Section 530: Exemption for profits from lotteries

Extent: E+W+S+N.I.

(1) The profits accruing to a charitable trust from a lottery are not taken into account in calculating total income if conditions A and B are met.
(2) Condition A is that—
(a) the lottery is an exempt lottery within the meaning of the Gambling Act 2005 by virtue of Part 1 or 4 of Schedule 11 to that Act,
(ab) the lottery is promoted in accordance with a lottery operating licence within the meaning of Part 5 of that Act, or
(b) the lottery is promoted and conducted in accordance with Article 133 or 135 of the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985 (S.I. 1985/1204 (N.I. 11)).
(3) Condition B is that the profits are applied to the purposes of the charitable trust only.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/530 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-530
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.