Section 643 — Corporation Tax Act 2010: Exemption for gains on a sale of property

Exemption for gains on a sale of property 643 1 This section applies if—

a chargeable gains accrue to a housing association on a disposal by way of sale of any property which has been occupied, or is occupied, by a tenant of the housing association, b the gains accrue in an accounting period or part of an accounting period during which the association was approved for the purposes of this Chapter, and c the association makes a claim under this section for that period or part of a period.

2 No liability to corporation tax arises in respect of the gains.