Section 372 Building society dividendsC1
United Kingdom
(1)
Any dividend paid by a building society is treated as interest for the purposes of this Act.
(2)
In this section “dividend”F1includes any distribution (whether or not described as a dividend) .
Annotations
Textual amendments
- F1
Words in s. 372(2) substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 514 (with transitional provisions and savings in Sch. 2)
Modifications
- C1
S. 372 excluded (1.3.2013) by The Building Societies (Core Capital Deferred Shares) Regulations 2013 (S.I. 2013/460), regs. 1(1), 3(1)(b) (with reg. 1(2))