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Article 15 Distinguishing housing activities

Original text. Later amendments are not shown.

Where an association undertakes any activities which are not housing activities, the association shall distinguish in its accounts its housing activities from its other activities by—

(a)

distinguishing land held by an association for the purposes of providing housing accommodation (including accommodation to be provided by disposal on sale or on lease) from other fixed assets;

(b)

identifying any other items which relate solely to housing activities; and

(c)

apportioning income and expenditure between those items which relate to housing activities and those relating to other activities.