Skip to main content
Skip table of contents

IR9 Question 12 All other clubs and societies

A club or society’s taxable income is based on its net profit or loss from revenue sources only, including:

Any membership subscriptions or levies are not income for tax purposes.

Certain transactions the club or society does with its members may be liable for income tax. This includes the purchase of trading stock and the supply of services. Deduct any costs incurred in earning income from taxable sources when you calculate the club or society’s taxable income.

JavaScript errors detected

Please note, these errors can depend on your browser setup.

If this problem persists, please contact our support.