{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-1054",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-1054.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/1054",
  "kind": "section",
  "number": "1054",
  "heading": "Building society payments",
  "text": "(1) This section applies if—\n(a) any interest, or\n(b) any dividend or other distribution,\nis payable in respect of shares in, or a deposit with or loan to, a building society.\n(2) No part of the interest, or of the dividend or other distribution, is a distribution of the society for corporation tax purposes.\n(3) See also section 372 of ITTOIA 2005 (which makes provision about the income tax treatment of building society dividends).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 1054 excluded (1.3.2013) by The Building Societies (Core Capital Deferred Shares) Regulations 2013 (S.I. 2013/460), regs. 1(1), 3(1)(f) (with reg. 1(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/1054",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}