CG41600 - Friendly societies: general
The legislation dealing with friendly societies is at ICTA88/S459 - ICTA88/S466. It is lengthy and complex, and these instructions deal only with certain capital gains aspects of friendly societies. More extensive instructions can be found at CTM40300 onwards.
Friendly societies can be
All friendly societies are companies for the purposes of Corporation Tax; registered and unregistered friendly societies come within the definition of company as unincorporated associations, while incorporated friendly societies are companies in their own right. Although they are within the charge to Corporation Tax, friendly societies enjoy a number of specific exemptions. Files for societies that have income or profits outside these exemptions should be dealt with by one of the specialist insurance districts. (See CTM40315 for further instructions on the general scheme of taxation of friendly societies).