Commentary

D7.601 Introduction—the nature of friendly societies

Corporate tax
Corporate tax | Commentary

D7.601 Introduction—the nature of friendly societies

Corporate tax | Commentary

Division D7.6     Friendly societies, registered societies etc

Revised by
JON GARRETT

ACA, BA (Hons) (Oxon)

Senior Tax Consultant, Deloitte LLP

For updates affecting this Division please see Part D0 Updates

Friendly societies

D7.601 Introduction—the nature of friendly societies

The friendly society movement is very diverse; it includes bodies ranging from major financial institutions to local or small affinity group societies with only a few members. Many smaller societies continue to have a substantial social element in their objectives and activities. Total funds under management are tending to grow but the number of societies is shrinking, with, at the extreme, some societies winding up

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