Friendly societies
Basic life and general annuity business
Child trust funds
Computation of profit
Deposit-taker
Distributions to
Entitlement to exemption from tax, extent of
Exempt basic life assurance and general annuity business (BLAGAB)/eligible permanent health insurance (PHI)
Directions to old societies
Generally
Maximum benefits paid to members
Meanings
No provision for assuring gross sums above specified values
Transfers from friendly societies to insurance companies
Transfers to friendly societies
Exempt other business
Incorporated societies
Payments by non-qualifying societies treated as distributions
Provisional repayments for
Registration pre-1 June 1973
Transfers between friendly societies
Transfers from friendly societies to insurance companies
Withdrawal of qualifying status
Exemptions from tax
Generally
Gilt-edged securities
Gilt-edged securities, periodic accounting for tax on interest
Incorporated
Charge to tax
Exemptions
Generally
Group capital gains
Life or endowment business, not exempt
Profits from subsidiaries or jointly controlled bodies corporate
Qualifying society, meaning
Range of activities
Incorporated friendly societies
Chargeable gains
Excluded property/rights etc.
Groups of companies
Recovery of tax from trustees
Life assurance premiums
Adoption of scheme
Amendment of rules
Amendment of scheme
Approved schemes
Approved schemes, amendment
Change of rate
Corresponding increase in sum assured
Form of election by member
Gross contribution, amendment
Increase in contribution
Notice to contribution payers
Notice/advertisement of amendments
Prescribed scheme
Sum assured, corresponding amendment
Life or endowment business
Life or endowment business exemption
Annuities
Anti-avoidance
Business pre-1 July 1984
Business pre-19 March 1985
Change in rules, structure or status
Conditions for exemption
Contracts pre-19 March 1985
Generally
Gross sums
Limits on benefits payable to members
Qualifying policy, meaning
Restriction for pre-1966 societies
Life or endowment business, not exempt
Long term business
Accounting periods, commencement date
Application of rules as mutual insurers
Breach of maximum benefits payable to members
Commencement
Definitions
Directions given to old societies
Exempt basic life assurance and general annuity business
Exempt other business
Exempt permanent health insurance
Incorporated friendly societies transfers, excluded property/rights etc.
Maximum benefits payable to members
No provision for assuring gross sums exceeding specified values
Regulations, Treasury power to make
Transfer of business rules
Transfers from friendly societies to insurance companies
Transfers to friendly societies
Transitional provisions
Unregistered societies, exemption for
Meaning
Modification of the corporation tax acts
Mutual societies, transfers of business or engagements
Non-annual actuarial investigations
Payments to members
Pre-1984 insurance business
Profits or other business exempt from tax
Provisional repayment regime
Qualifying lender
Qualifying policies
Registered
Exemptions
Generally
Life or endowment business, not exempt
Tax credits
Transfer of business
Application of rules
Transitional provisions
Chargeable gains and unrelieved losses
General annuity contracts (old)
Unit trusts, annual deemed disposal of holdings
Unregistered societies, exemption for
Unregistered, exemption from tax