LAM17190 - Relevant other business - payments by non-qualifying societies treated as distributions: FA12/S169
Where a payment is made to a member by a non-qualifying friendly society, in respect of the member바카라 사이트™s interest in the society, and in the course of the society바카라 사이트™s relevant other business that exceeds the total premiums paid by the member to the society (less any previous payments to the member), this will be treated as a distribution for the purpose of corporation and income tax (FA12/S169(1) and (2)).