Finance Act, 1985
|
Exemption of certain income of Housing Finance Agency, p.l.c. |
24.—Notwithstanding any provision of the Corporation Tax Acts, income— | |
(a) arising to the Housing Finance Agency, p.l.c. in any accounting period ending after the 8th day of February, 1982, from the business of making loans and advances under section 5 of the Housing Finance Agency Act, 1981 , and | ||
(b) which, but for this section, would have been chargeable to corporation tax under Case I of Schedule D, | ||
shall be exempt from corporation tax. |