# Finance Act 2003, Section 64: Demutualisation of building society


A land transaction effected by section 97(6) or (7) of the Building Societies Act 1986 (c. 53) (transfer of building society’s business to a commercial company) is exempt from charge.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/section/64 (the official version)
Page: https://openlegislation.uk/finance-act-2003/section-64
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.