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Old 15th August 2013 | 09:57
  #11 (permalink)  
Pass your message
10 Anniversary
 
Joined: Aug 2011
Posts: 32
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From: UK
1. You are not TRADING with a VIEW of MAKING A PROFIT.
2. If there is a surplus, this would either be in lieu of future costs to be borne(and hence no long term profit), or due back to group memebers as excess contributions.

Thus no UK tax consequences.
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