Statute
Section 1054 — Corporation Tax Act 2010: Building society payments
Text of the provision Official document
Building society payments 1054 1 This section applies if—
a any interest, or b any dividend or other distribution, is payable in respect of shares in, or a deposit with or loan to, a building society.
2 No part of the interest, or of the dividend or other distribution, is a distribution of the society for corporation tax purposes.
3 See also section 372 of ITTOIA 2005 (which makes provision about the income tax treatment of building society dividends).
Official source: legislation.gov.uk
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