Commentary on Sections Co-operative and community benefit society and credit union relief
427.The provisions in paragraph 12 provide relief from LTT where a land transaction takes place in connection with:
	a transfer of engagements between registered societies takes place in accordance with section 110 of the Co-operative and Community Benefit Societies Act 2014 (the “2014 Act”); or
	a registered society is converted or amalgamated with a company, or the whole of the engagements of the registered society is transferred to a company, in accordance with section 112 the 2014 Act.