HC Deb 30 November 1970 vol 807 c308W
Sir C. Taylor

asked the Chancellor of the Exchequer whether he will consider allowing trade associations to be treated in the same way as charitable institutions for tax purposes.

Mr. Patrick Jenkin

Charities are exempt from tax on, broadly, their investment income, but I can see no justification for a similar exemption for trade associations. If my hon. Friend has a particular problem in mind I should of course be happy to look at it.