SDLTM31610 - Application: Bodies registered under the Co-operative & Community Benefit Societies Act 2014
Vesting of property in connection with the following provisions of the Co-operative & Community Benefit Societies Act 2014 is not a land transaction and no Stamp Duty Land Tax (SDLT) is chargeable:
- registration of a society under section 2
- amalgamation of societies under section 109
- transfer of engagements under section 110
- conversion of a society into, or amalgamation with, a company under section 112
- conversion of a company into a society under section 115.
These exemptions are provided for by The Mutual Societies (Transfers of Business) (Tax) Regulations 2009.
The Co-Operative and Community Benefit Societies Act 2014 replaced the Industrial and Provident Societies Act 1965 with effect from 1 August 2014.