Commentary

D7.639 Self-build societies

Corporate tax
Corporate tax | Commentary

D7.639 Self-build societies

Corporate tax | Commentary

D7.639 Self-build societies

A self-build society is a housing association whose object is to provide to its members dwellings built or improved principally with the use of their own labour. The dwellings may be offered for sale to members or for occupation by them1.

On a claim from an approved self-build society, rent to which the society is entitled from its members is disregarded for tax purposes2. Adjustment of liability may be made by assessment or by repayment or otherwise3. An approved society may claim exemption from corporation tax on chargeable gains on the disposal of land to a member of

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