Commentary

D7.637 Co-operative housing associations

Corporate tax
Corporate tax | Commentary

D7.637 Co-operative housing associations

Corporate tax | Commentary

D7.637 Co-operative housing associations

Relief is given to approved housing associations and their members on the footing that they are collectively owner-occupiers. Following a claim made by an approved housing association, rents paid to the association by its members will be disregarded for tax purposes1.

Payments of yearly interest by the association are disregarded2. That disregard shall not apply in respect of interest attributable to a property not subject to a tenancy agreement3.

To qualify for relief the association must4:

  1.  

    (a)     be registered under the Co-operative and Community Benefit Societies Act 20145 or the Industrial and Provident Societies Act (Northern Ireland) 1969,

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