SCHEDULE 22MISCELLANEOUS RELIEFS
Building societies relief
10
1
A land transaction is relieved from tax if it is effected by or in consequence of—
a
an amalgamation of two or more building societies under section 93 of the Building Societies Act 1986 (c. 53) (amalgamation), or
b
a transfer of engagements between building societies under section 94 of that Act (transfer of engagements).
2
In this paragraph, “"building society”” has the meaning given by section 119(1) of the Building Societies Act 1986 (c. 53).