{
  "url": "https://openlegislation.uk/income-tax-building-societies-amendment-regulations-1987/regulation-3",
  "json_url": "https://openlegislation.uk/income-tax-building-societies-amendment-regulations-1987/regulation-3.json",
  "legislation": "uksi/1987/844",
  "legislation_title": "The Income Tax (Building Societies) (Amendment) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/income-tax-building-societies-amendment-regulations-1987",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments to the 1986 Regulations",
  "text": "In regulation 2(1) of the 1986 Regulations—\n(a) in paragraph (a) of the definition of“qualifying certificate of deposit”after“£50,000”there shall be inserted“(or, for a deposit denominated in foreign currency, not less than the equivalent of £50,000 at the time when the deposit is made)”;\n(b) in paragraph (b) of the definition of“qualifying certificate of deposit”—\n(i) the words“before the expiry of the period of twelve months”shall be omitted, and\n(ii) after the word“arises”there shall be inserted“not later than the end of the period of five years”;\n(c) in paragraph (a) of the definition of“qualifying time deposit”—\n(i) the words“in sterling and”shall be omitted, and\n(ii) after“£50,000”there shall be inserted“(or, for a deposit denominated in foreign currency, not less than the equivalent of £50,000 at the time when the deposit is made)”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/844/regulation/3",
    "retrieved_at": "2026-10-29T16:26:55.122979+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."
}