# The Friendly Societies (Modifications of the Tax Acts) Regulations 2012, Regulation 2: Friendly societies subject to the same basic rules as mutual insurers

Extent: E+W+S+N.I.

The Corporation Tax Acts, in so far as they apply to—
(a) the life assurance business and other long-term business carried on by friendly societies,
(b) any part of the business of an insurance company which is exempt from corporation tax as a result of section 158 or section 166 (transfers from friendly societies to insurance companies etc) of FA 2012, or
(c) any part of the business of a friendly society which is exempt from corporation tax as a result of section 167 of FA 2012 (transfers between friendly societies),
have effect with the modifications specified in regulations 3 to 15.

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Source: https://www.legislation.gov.uk/uksi/2012/3008/regulation/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-modifications-of-the-tax-acts-regulations-2012/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.