{
  "url": "https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-247",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-247.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "schedule/1/paragraph/247",
  "kind": "paragraph",
  "number": "247",
  "heading": null,
  "text": "(1) Amend section 17 (interest paid or credited by banks etc without deduction of income tax or after deduction of income tax) as follows.\n(2) In subsection (1) after “bank” insert “ or building society ”.\n(3) In subsection (1A) for “section 840A of the principal Act” substitute “ section 991 of ITA 2007 ”.\n(4) After subsection (6) insert—\n“(7) In the application of this section in relation to building societies, references to interest include references to dividends.\nFor this purpose “dividend” includes any distribution (whether or not described as a dividend).”\n(5) In the sidenote after “banks” insert “ , building societies ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "omitted",
      "affecting": "ukpga/2008/9",
      "affecting_title": "Finance Act 2008"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2008/9",
      "affecting_title": "Finance Act 2008"
    },
    {
      "type": "repealed",
      "affecting": "ukpga/2012/14",
      "affecting_title": "Finance Act 2012"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2008/9",
      "affecting_title": "Finance Act 2008"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2008/9",
      "affecting_title": "Finance Act 2008"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/247",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}