Finance Act, 1990
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Chapter VI Taxation of Trustee Savings Banks | ||
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Amalgamation of trustee savings banks. |
59.—(1) Where any assets or liabilities of a trustee savings bank are transferred or deemed to be transferred to another trustee savings bank in accordance with the provisions of Part VI (which relates to amalgamation of trustee savings banks) of the Trustee Savings Banks Act, 1989 , those banks shall be treated for the purposes of the Tax Acts, and the Capital Gains Tax Acts, as if they were the same person. | |
(2) In this section, section 60 and the Fourth Schedule , “trustee savings bank” has the same meaning as it has in the Trustee Savings Banks Act, 1989 . |