Finance Act, 1990
Chapter V Taxation of Building Societies | ||
Building societies: change of status. |
57.—(1) The provisions of the Third Schedule shall apply and have effect where a society converts in accordance with the provisions of Part XI of the Building Societies Act, 1989 , into a successor company within the meaning of that Part. | |
(2) In this section and in the Third Schedule — | ||
“building society” means a building society incorporated or deemed by section 124 (2) of the Building Societies Act, 1989 , to be incorporated under that Act, and references to “society” shall be construed accordingly; | ||
“successor company” has the same meaning as it has in subsection (1). |