Deduction from yearly interest: specialties
This section has no associated Explanatory Notes
5In 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.”