Taxes Consolidation Act, 1997
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Certain income of Housing Finance Agency plc. [FA85 s24; FA90 s56] |
218.—Notwithstanding any provision of the Corporation Tax Acts, income arising to the Housing Finance Agency plc— | |
(a) 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) 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. |