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TAXES CONSOLIDATION ACT, 1997
CHAPTER 3 Trustee savings banks | ||
Amalgamation of trustee savings banks. [FA90 s59] |
704. —(1) In this Chapter and in Schedule 17 , “trustee savings bank” has the same meaning as in the Trustee Savings Banks Act, 1989 . | |
(2) Where any assets or liabilities of a trustee savings bank are transferred or deemed to be transferred to another trustee savings bank in accordance with Part IV of the Trustee Savings Banks Act, 1989 , those banks shall be treated for the purposes of the Tax Acts and the Capital Gains Tax Acts as if they were the same person. | ||
Reorganisation of trustee savings banks into companies. [FA90 s60] |
705. — Schedule 17 shall apply to the reorganisation in accordance with section 57 of the Trustee Savings Banks Act, 1989 , of— | |
(a) one or more trustee savings banks into a company, or | ||
(b) a company referred to in subparagraph (i) of subsection (3)(c) of that section into a company referred to in subparagraph (ii) of that subsection. |