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Legislation
Corporation Tax Act 2010

Chapter 7 Co-operative housing associations

  • Section 642 Disregard of rent from members and of interest payable
  • Section 643 Exemption for gains on a sale of property
  • Section 644 Approval of housing associations
  • Section 645 Tests to be satisfied by the association
  • Section 646 Delegation of powers to the Regulator of Social Housing
  • Section 647 Claims under section 642 or 643
  • Section 648 Adjustments of liability
  • Section 649 Power to make further provision
  1. Chapter 7 · Co-operative housing associations
  2. Tests to be satisfied by the association

Section 645 | Tests to be satisfied by the association

From legislation.gov.uk

(1)The authority mentioned in section 644(1) or (2) must not approve a housing association unless it is satisfied that the association satisfies each of tests A to E.

(2)Test A is that the association is—

(a)a housing association within the meaning of the Housing Associations Act 1985 (see section 1(1) of that Act), or

(b)a housing association within the meaning of Part 2 of the Housing (Northern Ireland) Order 1992 (S.I. 1725 (N.I. 15)) (see Article 3 of that Order).

(3)Test B is that the association is —

(a)a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, or

(b)a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969.

(4)Test C is that the rules of the association—

(a)restrict membership to persons who are tenants or prospective tenants of the association, and

(b)preclude the granting or assignment of tenancies to persons other than members.

(5)Test D is that the association satisfies any other requirements prescribed by—

(a)the Secretary of State as regards England and Scotland,

(b)the Welsh Ministers as regards Wales, or

(c)the Department for Social Development as regards Northern Ireland.

(6)Test E is that the association will comply with any conditions that may be prescribed by—

(a)the Secretary of State as regards England and Scotland,

(b)the Welsh Ministers as regards Wales, or

(c)the Department for Social Development as regards Northern Ireland.

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