Regulation 2

In the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990^f1, in regulation 4(1), after sub-paragraph (s) there shall be added—

“(t)

an amount which is deemed under section 730A(2) of the Taxes Act^f2 (treatment of price differential on sale and repurchase of securities) to be a payment of interest.”.

Annotations

Footnotes

f1: S.I. 1990/2231, amended by S.I. 1992/11, 2915, 1994/296.
f2: Section 730A was inserted by section 80(1) of the Finance Act 1995 (c. 4).