Trustee Savings Banks Act 1985

1. Introductory Text

2. Preliminary

   1. 1. Preliminary

3. The reorganisation

   1. 2. The Central Board and the reorganisation

   2. 3. Transfer of assets, liabilities, etc. from existing to new institutions

   3. 4. Dissolution of existing banks and repeal of 1981 Act etc.

4. Taxation

   1. 5. Taxation

5. Miscellaneous and general

   1. 6. Treatment of Scottish 1819 savings banks

   2. 7. Short title, commencement, repeals and extent

6. SCHEDULES

   1. SCHEDULE 1

      TRANSFER PROVISIONS: SUPPLEMENTARY

      1. PART I Preliminary

         1. 1. (1) This Schedule has effect in relation to the transfer...

      2. PART II General Provisions

         1. Construction of agreements and documents

            1. 2. (1) Where there subsists immediately before the vesting day an...

            2. 3. (1) Any instrument or other document (not being an agreement...

         2. Remedies

            1. 4. Without prejudice to the generality of the provisions of paragraphs...

            2. 5. Without prejudice to the generality of the provisions of paragraphs...

      3. PART III Specific Aspects of the Reorganisation

         1. Accounting provisions

            1. 6. (1) In any case where— (a) a transfer is effected...

         2. Profits available for distribution

            1. 7. (1) Where, in the case of a transfer effected by...

         3. Reputation and standing

            1. 8. In the case of a transfer effected by section 3(3)...

         4. Contributions to the Deposit Protection Fund

            1. 9. (1) This paragraph applies where the transferee is the successor...

         5. Trustee investment in new holding company

            1. 10. For the purposes of paragraph 3 of Part IV of...

         6. Status as authorised institutions for certain purposes, etc.

            1. 11. (1) This paragraph applies where the transferee is the successor...

         7. The Fund for the Banks for Savings

            1. 12. Until the day appointed for the closure of the Fund...

         8. The National Savings Stock Register

            1. 13. On such day as the Treasury by statutory instrument appoints...

   2. SCHEDULE 2

      TAXATION

      1. Capital allowances

         1. 1. (1) For the purposes of the allowances and charges provided...

      2. Chargeable gains

         1. 2. (1) For the purposes of the Capital Gains Tax Act...

         2. 3. (1) For the purposes of Chapter II of Part II...

         3. 4. (1) Where the liability in respect of any debt owed...

         4. 5. For the purposes of the Act of 1979, gains arising...

      3. General

         1. 6. (1) Section 137 of the Taxes Act (valuation of trading...

      4. Deduction of tax from certain loan interest

         1. 7. (1) In paragraph 14(1) of Schedule 7 to the Finance...

      5. Stamp duty

         1. 8. No transfer effected by section 3 above shall give rise...

      6. Interpretation

         1. 9. (1) In this Schedule— " exempt investment" has the same...

   3. SCHEDULE 3

      ADAPTATIONS OF BANKING ACT 1979 FOR 1819 SAVINGS BANKS

      1. Preliminary

         1. 1. In this Schedule— " the Act of 1979 " means...

      2. Revocation of recognition or licence

         1. 2. Section 6 of the Act of 1979 shall apply as...

      3. Payments out of the Deposit Protection Fund

         1. 3. Section 28 (and the other provisions of Part II) of...

   4. SCHEDULE 4

      Repeals