SCHEDULE 18 Part 3: Consequential Amendments
Finance Act 2012 (2012 c 14) | Legislation

SCHEDULE 18 Part 3: Consequential Amendments

Section 176

Income and Corporation Taxes Act 1988

1

ICTA is amended as follows.

2

Omit section 459 (unregistered friendly societies: exemption from tax).

3

Omit section 460 (exemption from tax in respect of life or endowment business).

4

Omit section 461 (taxation in respect of other business).

5

Omit sections 461A to 461C (taxation in respect of other business: incorporated friendly societies qualifying for exemption).

6

Omit section 461D (transfers of business).

7

Omit section 462 (conditions for tax exempt business).

8

Omit section 463 (long-term business of friendly societies: application of Corporation Tax Acts).

9

Omit section 464 (maximum benefits payable to members).

10

Omit section 465 (old societies).

11

Omit section 465A (assets of branch of registered friendly society to be treated as assets of society

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