# The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 2005, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Income Tax (Building Societies) (Dividends and Interest) Regulations 1990 (S.I. 1990/2331) so that payments by building societies of alternative finance return or profit share return in relation to certain alternative finance arrangements (introduced by sections 46 to 57 of, and Schedule 2 to, the Finance Act 2005 (c. 7)) can be paid without deduction of tax.
This Order imposes no new costs on business.

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Source: https://www.legislation.gov.uk/uksi/2005/3474/note (the official version)
Page: https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-2005/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.