http://www.legislation.gov.uk/ukpga/1998/36/section/136Finance Act 1998An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1998-07-31texttext/xmlenStatute Law Database2026-04-22Expert Participation2026-03-18 Part III Income Tax, Corporation Tax and Capital Gains TaxChapter II Taxation of Chargeable Gains Groups of companies <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation> Incorporated friendly societies.1361In section 170(9) of the Taxation of Chargeable Gains Act 1992 (meaning of “company” in sections 170 to 181), after the word “and" at the end of paragraph (c) there shall be inserted the following paragraph—ccan incorporated friendly society within the meaning of the Friendly Societies Act 1992; and.2In subsection (2) of section 171 of that Act (transfers within a group), after the word “or" at the end of the paragraph (cc) inserted by section 135 above there shall be inserted the following paragraph—cda disposal by or to a qualifying friendly society; or3After subsection (4) of that section there shall be inserted the following subsection—5In subsection (2)(cd) above “qualifying friendly society” means a company which is a qualifying society for the purposes of section 461B of the Taxes Act (incorporated friendly societies entitled to exemption from income tax and corporation tax on certain profits).4Subsection (1) above applies for the purpose of determining, in relation to times on and after 17th March 1998, whether a friendly society is a company within the meaning of the provisions of sections 170 to 181 of the Taxation of Chargeable Gains Act 1992.5Subsections (2) and (3) above apply in relation to disposals made on or after 17th March 1998.1992 c. 12. 1992 c. 40. 1992 c. 12.