There's a new leaflet about the Community Amateurs Sports Clubs scheme, which provides valuable tax relief for local clubs - helping to ensure new and better facilities for grass root development.
Are you looking for ways to fund new facilities or invest in existing ones? Would paying dramatically reduced business rates or claiming money back on Gift Aid donations given to your club help your club's finances? The Government's Community Amateur Sports Club (CASC) scheme allows you to do just this. Since April 2002, more than 4,200 clubs have registered as CASCs, each saving an average of nearly £4,000 and ensuring more money raised by sport stays in sport.
What are the key benefits?
- 80% mandatory business rate relief
- The ability to raise funds from donations under Gift Aid.
- Tax-free income from interest and capital gains (used for qualifying purposes).
- Exemption from corporation tax on trading income (up to £30k) and income from property (up to £20k).
To get the leaflet click here. Funding schemes CASC