Disallowed Expenditure - Subscriptions and Donations Flashcards

1
Q

Trade of professional association subscriptions are…

A

Normally allowable, since they will be made wholly and exclusively for the purposes of trade

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2
Q

Small donations to local charities are

A

Allowable

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3
Q

Gift of stock or assets to local charities or schools are…

A

Allowable

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4
Q

Donations to national charities are…

A

Disallowable

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5
Q

Subscriptions and donations to political parties are…

A

Disallowable

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