SCHEDULES
SCHEDULE 11Deduction of income tax at source etc
5Deduction from yearly interest: specialties
In section 874 of ITA 2007 (duty to deduct from certain payments of yearly interest), after subsection (6) insert—
6A
In determining for the purposes of subsection (1) whether a payment of interest arises in the United Kingdom no account is to be taken of the location of any deed which records the obligation to pay the interest.