Part 13Other special types of company etc
Chapter 8Self-build societies
655Claims under section 651 or 652
1
A claim under section 651 or 652 must be made—
a
within two years after the end of the accounting period to which it relates, or
b
if it relates to part of an accounting period, within two years after the end of that accounting period.
2
A self-build society must not make a claim under section 651 or 652 for an accounting period or part of an accounting period unless—
a
the requirements in subsection (3) were complied with during that period or part, or
b
the society reasonably considers that those requirements were substantially complied with during that period or part.
3
The requirements are that—
a
only persons who were then members of the society occupied (whether solely or jointly with another person) any land, or any part of any land, owned by the society,
b
the society complied with the requirement in section 653(2)(a), and
c
the society complied with any conditions that were in force by virtue of section 653(2)(c).
4
If a member of a self-build society dies and another person occupies a property, or part of a property, in accordance with the member's will or the provisions applicable on the member's intestacy, that person's occupation during the first 6 months after the death does not infringe the requirement in subsection (3)(a).
5
A claim under section 651 or 652 must be in the form (if any) prescribed by the Commissioners for Her Majesty's Revenue and Customs and contain any details which they prescribe.