Finance Act 1991
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
SCHEDULE 11 BUILDING SOCIETIES: MARKETABLE SECURITIES
Section 52. Deduction of income tax 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Collection 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information 5 (1) In section 18 of the Taxes Management Act 1970 (information about interest payments) after subsection (3C) there shall be inserted— (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.
SCHEDULE 11 BUILDING SOCIETIES: MARKETABLE SECURITIES
Section 52. Deduction of income tax 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Collection 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information 5 (1) In section 18 of the Taxes Management Act 1970 (information about interest payments) after subsection (3C) there shall be inserted— (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.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
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