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Old 15th Aug 2013, 09:57
  #11 (permalink)  
Pass your message
 
Join Date: Aug 2011
Location: UK
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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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