# Trustee Savings Banks Act 1985, Paragraph 7


(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Section 369 of the Taxes Act (deduction of tax from certain loan interest) shall have effect, on and after the vesting day, in relation to any loans made by an existing bank, as if the bank and its successor were a single qualifying lender.

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Source: https://www.legislation.gov.uk/ukpga/1985/58/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/trustee-savings-banks-act-1985/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.