Part 3

Trading income
Chapter 9

Trade profits: other specific trades

Credit unions

Annual payments paid by a credit union
133
In calculating the profits of a credit union's trade, no deduction is allowed for annual payments made by the credit union.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)