§ Mr. Menzies Campbell
To ask the Chancellor of the Exchequer what is his estimate of the loss to tax revenue if the governing bodies of amateur sport were to be granted charitable status.
§ Mr. Dorrell
I regret that the information requested is not available. Charities enjoy exemption from tax only on income which is applied to charitable purposes, or where it arises as part of the exercise of a primary purpose of the charity or from a trade carried out by the beneficiaries of the charity. Sport is not a charitable activity.