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Non-green fees
I am treasurer of my golf club which is a private members’ club. We paid corporation tax on investment income (in those happy days when we used to receive interest) and some years ago we agreed with HMRC that green fees receivable from non-members were taxable but no liability has arisen after the apportionment of expenses. We are now expecting to receive two significant sums of money from a mineral water company who are relocating their factory.
The first sum will arise as compensation for disturbance when the company lay a water pipe along the perimeter of the golf course. They will make good whatever damage they do and no direct expenditure will be incurred by the club.
The second sum will arise from allowing the company to use a former quarry within the boundaries of the golf course...
