Commentary

D7.616 Incorporation of a registered friendly society

Corporate tax
Corporate tax | Commentary

D7.616 Incorporation of a registered friendly society

Corporate tax | Commentary

D7.616 Incorporation of a registered friendly society

FSA 1992, Sch 3 contains conditions for the incorporation of a friendly society which have to be satisfied by a registered friendly society if it wishes to be incorporated1. On its incorporation, all the property held in trust for the society (and, with the exception described below, for its branches) becomes the property of the incorporated society, which continues to be entitled to the same rights and subject to the same liabilities as the predecessor registered society2.

A registered society may, on incorporation, identify assets or liabilities of a branch which are not to

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial