To avail of a charitable tax exemption, a body or trust must be established for charitable purposes only and must apply all of its income to those purposes.
Section 208(2)(b) of the Taxes Consolidation Act 1997 provides for an exemption from income tax to be granted in respect of the profits of a trade carried on by any charity, if the profits are applied solely to the purposes of the charity and either:
1. the trade is exercised in the course of the actual carrying out of a primary purpose of the charity, or
2. the work in connection with the trade is mainly carried on by beneficiaries of the charity.