165 Incorporated friendly societies
Finance Act 2012 (2012 c 14) | Legislation

165  Incorporated friendly societies

(1)     An incorporated friendly society which is a qualifying society is not liable to pay corporation tax (whether on income or chargeable gains) on its profits other than those arising from—

(a)     life assurance business, or

(b)     PHI business comprised in BLAGAB or eligible PHI business.

(2)     An incorporated friendly society is a qualifying society if it falls within any of cases A to

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