[257JB Meaning of “community benefit society”]
Income Tax Act 2007 (2007 c 3) | Legislation

[257JB  Meaning of “community benefit society”]

[(1)     In this Part “community benefit society” means a body that—

(a)     is registered as a community benefit society under the 2014 Act,

(b)     is a pre-commencement society (within the meaning of the 2014 Act) that meets the condition in section 2(2)(a)(ii) of the 2014 Act, or

(c)     is a society registered, or treated as registered, under section 1 of the Industrial and Provident Societies Act (Northern Ireland) 1969 in the case of which the condition in section 1(2)(b) of that Act is fulfilled,

and in respect of which the condition in subsection (2) is met.

(2)     The condition is that—

(a)     the body is of a kind prescribed by regulation 5 of, and

(b)     the body's rules include a rule in the

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