Corporation Tax Act 2009 Explanatory Notes

Section 498: Building society dividends and interest

1383.This section brings dividends and interest payable by building societies into the loan relationship regime so far as they would not otherwise be within it. It is based on section 477A(3), (4), (9) and (10) of ICTA. The corresponding provision for income tax is section 372 of ITTOIA.

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