372Building society dividendsU.K.
This
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(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)] .
Textual Amendments
F1Words 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)