{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-545",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-545.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/545",
  "kind": "section",
  "number": "545",
  "heading": "Section 543(1)(f): meaning of expenditure",
  "text": "(1) For the purposes of section 543(1)(f) “expenditure” includes expenditure of a capital nature.\n(2) None of the following is “expenditure” for those purposes—\n(a) the investment of any of the charitable trust's funds,\n(b) the making of a loan by the charitable trust, or\n(c) the repayment by the charitable trust of the whole or a part of a loan made to it.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/545",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}