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Legislation
Corporation Tax Act 2010

Chapter 8 Self-build societies

  • Section 650 Meaning of “self-build society”
  • Section 651 Disregard of rent from members
  • Section 652 Exemption for gains on disposals of land to members
  • Section 653 Approval of self-build societies
  • Section 654 Delegation of powers to the Regulator of Social Housing
  • Section 655 Claims under section 651 or 652
  • Section 656 Adjustments of liability
  • Section 657 Power to make further provision
  1. Chapter 8 · Self-build societies
  2. Disregard of rent from members

Section 651 | Disregard of rent from members

From legislation.gov.uk

(1)If a self-build society makes a claim under this section for an accounting period or part of an accounting period during which the society was approved for the purposes of this Chapter, rent to which the society was entitled from its members for the accounting period or part of an accounting period is ignored for tax purposes.

(2)In this section “rent” includes any amounts to which a self-build society is entitled in respect of the occupation of any of its land.

(3)The reference in subsection (2) to occupation includes occupation under a licence.

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