Finance Act, 1990
Exemption of certain income of Housing Finance Agency p.l.c. |
56.—Chapter IV of Part I of the Finance Act, 1985 , is hereby amended by the substitution of the following section for section 24: | |
“24.— Notwithstanding any provision of the Corporation Tax Acts, income arising to the Housing Finance Agency p.l.c.— | ||
(a) 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 , which income would, but for this section, have been chargeable to corporation tax under Case I of Schedule D, and | ||
(b) in any accounting period ending after the 5th day of April, 1990, which income would, but for this section, have been chargeable to corporation tax under Case III of Schedule D, | ||
shall be exempt from corporation tax.”. |