Special provisions exist for the transfer of the business of building societies to commercial companies pursuant to the Building Societies Act 1986, s. 97. They apply where the whole of the business of a society is transferred to a successor company (FA 1988, Sch. 12, para. 1; TCGA 1992, s. 216(1)). For commentary on the Mutual Societies (Transfer of Business) (Tax) Regulations 2009 (SI 2009/2971), which provide tax neutrality for relevant transfers made by mutual societies, see ¶805-495.

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.