# The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 1996, Regulation 4: Amendments to the principal Regulations


After regulation 4(1)(b) there shall be inserted the following sub-paragraph—
“(bb) a payment to trustees of a discretionary or accumulation trust in their capacity as such where the trustees are not resident in the United Kingdom and any person who is a beneficiary of the trust is—
(i) an individual who is not ordinarily resident in the United Kingdom, or
(ii) a Scottish partnership, all the partners in which are individuals not ordinarily resident in the United Kingdom, or
(iii) a company within the meaning of section 832(1) of the Taxes Act which is not resident in the United Kingdom;”.

---
Source: https://www.legislation.gov.uk/uksi/1996/223/regulation/4 (the official version)
Page: https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-1996/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.