The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations, SI 2011/37, have been made to correct an error in regulations (SI 2009/2971) concerning the tax consequences of transfers of business by industrial and provident societies.
They have effect in relation to any relevant transfer taking place on or after 2 February 2011 – they are not retrospective but there have been no such transfers since the principal regulations took effect.
The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations, SI 2011/37, have been made to correct an error in regulations (SI 2009/2971) concerning the tax consequences of transfers of business by industrial and provident societies.
They have effect in relation to any relevant transfer taking place on or after 2 February 2011 – they are not retrospective but there have been no such transfers since the principal regulations took effect.
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