CTM00520 - Introduction: concerns within the charge to CT

CT is charged on the profits of companies (see CTM00510).

As per CTM00510, an unincorporated association will normally fall within the definition of a company. The term 'unincorporated association' includes members' clubs (CTM40105) and trade associations (CTM41200 onwards).

In general, trustees do not come within the phrase 'unincorporated associations'. Guidance on the trustees of an unauthorised unit trust is at IM4178a.

Authorised unit trusts within CTA10/S616 to S619, formerly ICTA88/S468, are included in the charge to CT, but are subject to special rules (see CTM48200 onwards).

For guidance on the treatment for tax purposes of particular bodies see CTM40000 onwards.