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SDLTM31610 | Application: Bodies registered under the Co-operative & Community Benefit Societies Act 2014

From HM Revenue & Customs · Stamp Duty Land Tax Manual

Vesting of property in connection with the following provisions of the Co-operative & Community Benefit Societies Act 2014 is not a land transaction and no Stamp Duty Land Tax (SDLT) is chargeable:

  • registration of a society under section 2

  • amalgamation of societies under section 109

  • transfer of engagements under section 110

  • conversion of a society into, or amalgamation with, a company under section 112

  • conversion of a company into a society under section 115.

These exemptions are provided for by The Mutual Societies (Transfers of Business) (Tax) Regulations 2009.

The Co-Operative and Community Benefit Societies Act 2014 replaced the Industrial and Provident Societies Act 1965 with effect from 1 August 2014.