5(1)In section 18 of the M1Taxes Management Act 1970 (information about interest payments) after subsection (3C) there shall be inserted—U.K.
“(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.