SCHEDULES
SCHEDULE 11 BUILDING SOCIETIES: MARKETABLE SECURITIES
Information
5
1
In section 18 of the M1Taxes Management Act 1970 (information about interest payments) after subsection (3C) there shall be inserted—
3D
For the purposes of this section, the payment by a building society of a dividend in respect of a share in the society shall be treated as the payment of interest.
2
This paragraph shall have effect as regards a case where the payment is made on or after the day on which this Act is passed.