The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995

Amendments to the principal Regulations

3.  In regulation 2—

(a)the following definition shall be inserted before the definition of “the Taxes Act”—

  • ““specified cases” means all cases other than those where, in relation to an accounting period—

    (a)

    a friendly society has entered an appeal against an assessment or the refusal of a claim,

    (b)

    the appeal concerns the calculation, or exemption from tax, of profits of life or endowment business, and

    (c)

    the hearing of that appeal by the General Commissioners or the Special Commissioners has begun on or before 21st April 1995;”;

(b)the following definition shall added at the end—

““the 1992 Act” means the Taxation of Chargeable Gains Act 1992(1).”.