{
  "url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014/schedule/paragraph-26",
  "json_url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014/schedule/paragraph-26.json",
  "legislation": "ukdsi/2014/9780111114865",
  "legislation_title": "The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014",
  "path": "schedule/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": "Mutual Societies (Transfers of Business) (Tax) Regulations 2009",
  "text": "(1) The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 are amended as follows.\n(2) In regulation 2 (interpretation) after the definition of “loan relationship” insert—\n““registered society” means a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014, other than a society registered as a credit union;”.\n(3) In the following regulations for “an industrial and provident society” substitute “a registered society”—\n(a) regulation 2(1) (interpretation), in the definition of “subsidiary of a mutual society”;\n(b) in regulation 3(2) (meaning of relevant transfer) in each place where these words appear;\n(c) regulation 19(1)(a) (transfer of loan relationship);\n(d) regulation 22(1)(a) (replacement of industrial and provident society as party to a derivative contract);\n(e) regulation 30(1)(a) (intangible fixed assets transferred as if at no gain or no loss); and\n(f) regulation 32 (exemption from stamp duty).\n(4) In the following provisions for “industrial and provident society” substitute “registered society”—\n(a) regulation 3(2), in sub-paragraph (a) and, in the second place where these words appear, in sub-paragraph (b); and\n(b) regulation 22, in the heading.\n(5) In regulation 3(2)(a) and (c) for “industrial and provident societies”, except where these words appear in a reference to an enactment, substitute “registered societies”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2009/2971 as amended by S.I. 2013/496. There are other amending instruments but none is relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111114865/schedule/paragraph/26",
    "retrieved_at": "2026-10-30T15:13:11.714658+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}