# Corporation Tax Act 2010, Section 1054: Building society payments


(1) This section applies if—
(a) any interest, or
(b) any dividend or other distribution,
is payable in respect of shares in, or a deposit with or loan to, a building society.
(2) No part of the interest, or of the dividend or other distribution, is a distribution of the society for corporation tax purposes.
(3) See also section 372 of ITTOIA 2005 (which makes provision about the income tax treatment of building society dividends).

---
Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1054 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1054
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.