45 Tax exempt business of friendly societies
Finance Act 2007 (2007 c 11) | Legislation

45  Tax exempt business of friendly societies

(1)     Section 462 of ICTA (conditions for tax exempt business) is amended as follows.

(2)     For subsection (1) substitute—

“(1)     Subject to subsections (2) to (4) below, section 460 does not afford any exemption from corporation tax in relation to so much of the profits arising to

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