If a self-build society1 makes a claim for an accounting period2 or part of an accounting period during which the society was approved for these purposes3, rent4 to which the society was entitled from its members for the accounting period or part of an accounting period is ignored for tax purposes5.
If: (1) chargeable gains6 accrue to a self-build society on a disposal of land to a member of the society; (2) the gains accrue in an accounting period or part of an accounting period during which the society was approved for these purposes; and (3) the society makes a
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