Mutual Trading

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August 31, 2024 4 min read Definitions
Mutual Trading: Income from Member Contributions
Finance Economics Mutual Trading Member Contributions Surpluses Tax Exemption Building Societies
Mutual trading describes the situation where a company's income is derived solely from its members' contributions. Historically prevalent among insurance companies and building societies, these 'profits' are considered surpluses, exempt from UK corporation tax.
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