131 Incidental costs of issuing qualifying shares
Corporation Tax Act 2009 (2009 c 4) | Legislation

Building societies

131  Incidental costs of issuing qualifying shares

(1)     In calculating the profits of a trade carried on by a building society, a deduction is allowed for incidental costs of obtaining finance by means of issuing shares in the society if—

(a)     the shares are qualifying shares for the purposes of section 117(4) of TCGA 1992, and

(b)     the condition in subsection (2)

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