by georgers on Thu May 12, 2011 12:51 pm
Hi, I along with others in my community are looking to set up a religious/faith organislation but we have not decided on the structure yet. it may be an unicorporated association or a trust or a company. the organisation will be recieving donations from the congregation including ourselves. we are not going to take any money out for ourselves. the only money going out will be to pay a small wage to those people conducting the religious services and general building/maintainence expenses and insuarances and rates
my question is: is there any tax to pay on the donations recieved? and what tax is payable (assuming if we are not a company) also assume that donations will be greater than expenses
we are not a registered charity, we will look into that depending on the answers here
thanks