Taxes Consolidation Act 1997 section 218

Certain income of Housing Finance Agency plc

Section 218 exempts the Housing Finance Agency plc from corporation tax on both its lending income and its investment income.

  • The Housing Finance Agency plc is exempt from corporation tax on income from its loan-making activities
  • The exemption covers loans and advances made under section 5 of the Housing Finance Agency Act 1981
  • This trading income would otherwise be taxable under Case I of Schedule D
  • Investment income that would otherwise fall under Case III of Schedule D is also exempt

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member