875Interest paid by building societiesU.K.
This
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The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest made by a building society [F1unless it is treated as a payment of yearly interest by virtue of section 874(5A).]
Textual Amendments
F1Words in s. 875 inserted (with effect in accordance with Sch. 11 para. 12(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 11 para. 3