Statute
Section 652 — Corporation Tax Act 2010: Exemption for gains on disposals of land to members
Text of the provision Official document
Exemption for gains on disposals of land to members 652 1 This section applies if—
a chargeable gains accrue to a self-build society on a disposal of land to a member of the society, b the gains accrue in an accounting period or part of an accounting period during which the society was approved for the purposes of this Chapter, and c the society 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.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →