Part 13

Other special types of company etc
Chapter 7

Co-operative housing associations

Exemption for gains on a sale of property
643
1
This section applies if—
a
chargeable gains accrue to a housing association on a disposal by way of sale of any property which has been occupied, or is occupied, by a tenant of the housing association,
b
the gains accrue in an accounting period or part of an accounting period during which the association was approved for the purposes of this Chapter, and
c
the association makes a claim under this section for that period or part of a period.
2
No liability to corporation tax arises in respect of the gains.