Section 875 Interest paid by building societies
United Kingdom
The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a building society F1unless it is treated as a payment of yearly interest by virtue of section 874(5A).
Annotations
Textual amendments
- F1
Words in s. 875 inserted (with effect in accordance with Sch. 11 para. 12(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 11 para. 3
Notes on Part 15
Modifications
- C1
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)