167 Transfers between friendly societies
Finance Act 2012 (2012 c 14) | Legislation

167  Transfers between friendly societies

(1)     If—

(a)     at any time a friendly society acquires by way of transfer of engagements or amalgamation from another friendly society any relevant other business, and

(b)     immediately before that time the transferor was exempt from corporation tax on profits arising from that business as a result of section 164 or 165,

the transferee is exempt from corporation tax on its profits arising from the relevant other business so far

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