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CW 51: Herd improvement bodies
or “Tax exemption for dairy cow breeding improvement organisations”
You could also call this:

“Community trusts don't have to pay income tax on their earnings”

If you are a trustee of a community trust, you don’t have to pay income tax on any money the trust earns. The government says this money is exempt, which means it’s free from tax. This rule helps community trusts keep more of their money to use for good things in their area.

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Next up: CW 52B: Disability support services

or “Money for disability support services isn't taxed as income”
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Part C Income
Exempt income

CW 52Community trusts

  1. An amount of income derived by the trustee of a community trust is exempt income.

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