C1Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
Chapter 3Deduction from certain payments of yearly interest
Exceptions from duty to deduct
875Interest paid by building societies
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).
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)