Tax relief grantsN.I.
22.—(1) If a housing association makes a claim to the Department in respect of a period and satisfies the Department that throughout the period it was a housing association to which this Article applies and its functions either—
(a)consisted exclusively of the function of providing or maintaining housing accommodation for letting or hostels and activities incidental to that function, or
(b)included that function and activities incidental to that function,
the Department may make grants to the association for affording relief from tax chargeable on the association.
(2) This Article applies to a housing association at any time if, at that time—
(a)it is registered;
(b)it does not trade for profit; and
(c)it is not approved for the purposes of [F1Chapter 7 of Part 13 of the Corporation Tax Act 2010] (tax treatment of co-operative housing associations).
(3) References in this Article to tax chargeable on an association are to income tax (other than income tax which the association is entitled to deduct on making any payment) and corporation tax.
(4) A grant under this Article may be made—
(a)in a case falling within paragraph (1)(a), for affording relief from any tax chargeable on the association for the period in respect of which the claim is made; and
(b)in a case falling within paragraph (1)(b), for affording relief from such part of any tax so chargeable as the Department considers appropriate having regard to the other functions of the association;
and in any case shall be of such amount, shall be made at such times and shall be subject to such conditions as the Department thinks fit.
(5) The conditions may include conditions for securing the repayment in whole or in part of a grant made to an association—
(a)in the event of tax in respect of which it was made being found not to be chargeable; or
(b)in such other events (including the association beginning to trade for profit) as the Department may determine.
(6) A claim under this Article shall be made in such manner and shall be supported by such evidence as the Department may direct.
(7) The Commissioners of Inland Revenue and their officers may disclose to the Department such particulars as it may reasonably require for determining whether a grant should be made on a claim or whether a grant should be repaid or the amount of such grant or repayment.
(8) In this Article “letting” includes the grant of an equity-sharing lease or a licence to occupy.
F1Words in art. 22(2)(c) substituted (1.4.2010 with effect as mentioned in s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 1177, 1184(1)(3)(4), Sch. 1 para. 272 (with transitionals and savings in Sch. 2)