I am treasurer of our private road fund which is set up to pay for road repairs. We collect money from each resident and pay any expenses involved in repairing gates, signs and the road itself. We have a sinking fund which is invested in a deposit account in the Association's name and earn interest on this account.
I believe there is a small tax free amount of interest which can be earned by a not for profit association but I cannot find this information on HMRC website.
Grateful for any advice.
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