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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
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Building societies: application of CT: Capital Gains

Profits and gains from the loan relationships of a building society will be included in its computation of its CT liability either as part of its Case I income or under Case III.

Chargeable gains on assets that are not loan relationships of the society should be computed according to the provisions of TCGA92/S8. The gains should be included in the computation of profits chargeable to CT.