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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Charities: religious communities: excess allowable figures: set-off

ESC/B10 applies to Capital Gains Tax in cases where:

  • the community is not capable of being regarded as a charity


  • the aggregate of the allowable figure for each monk or nun, for the appropriate year of assessment, exceeds the community’s income


  • the excess may be set against any chargeable gains of the community for that year.