Statute
Section 651 — Corporation Tax Act 2010: Disregard of rent from members
Text of the provision Official document
Disregard of rent from members 651 1 If a self-build society makes a claim under this section for an accounting period or part of an accounting period during which the society was approved for the purposes of this Chapter, rent to which the society was entitled from its members for the accounting period or part of an accounting period is ignored for tax purposes.
2 In this section “ rent ” includes any amounts to which a self-build society is entitled in respect of the occupation of any of its land.
3 The reference in subsection (2) to occupation includes occupation under a licence.
Official source: legislation.gov.uk
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