Finance Act, 1986

Amendment of section 31 (building societies) of Corporation Tax Act, 1976.

34.—As respects the year 1986-87 and any subsequent year of assessment—

(a) subsections (1) to (3) and (6) of section 31 of the Corporation Tax Act, 1976 , shall cease to have effect, and

(b) subsections (4) and (9) of that section shall have effect as if the references therein to arrangements made under that section being in force or being entered into by a building society were omitted.