Related Commentary  

124(1)  The Treasury may by regulations make provision for and in connection with–

(a)the tax consequences of a transfer of all or part of the business or engagements of a mutual society,

(b)the tax consequences of an amalgamation of mutual societies, and

(c)the tax consequences of the conversion of a mutual society into a company.

124(2)  “Mutual society” means–

(a)a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986,

(b)a friendly society within the meaning of the Friendly Societies Act 1992, or

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.