47 Non-profit housing companies: exit charge
Finance Act 2022 (2022 c 3) | Legislation

47  Non-profit housing companies: exit charge

(1)     This section applies where—

(a)     a company (“A”) ceases to be a non-profit housing company by virtue of any of paragraphs (a) to (d) of section 34(4), and

(b)     not all of the assets of the company have been distributed to another non-profit housing company or companies before the end of the relevant period.

(2)     For the purposes of subsection (1) the relevant period is the period beginning with the day on which A ceases to be a non-profit housing company and ending on—

(a)     the first anniversary of the last day of the accounting period in which A ceased to be a non-profit housing company, or

(b)     such later day as an officer of Revenue and Customs may allow.

(3)     This section

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