Unregistered friendly societiesU.K.
459 Exemption from tax.U.K.
M1An unregistered friendly society [F1(that is, a friendly society which is neither an incorporated friendly society nor a registered friendly society)] whose income does not exceed £160 a year shall, on making a claim, be entitled to exemption from income tax and corporation tax (whether on income or chargeable gains).
Textual Amendments
F1Words in s. 459 inserted (19.2.1993) by Finance (No. 2) Act 1992 (c. 48), s. 56, Sch. 9 para.4; S.I. 1993/236, art.2
Marginal Citations
M1Source—1970 s.331