Related Commentary  Related HMRC Manuals

889(1)  This section applies to any payment made in a tax year if–

(a)it is a payment of a dividend or interest in respect of a security issued by a building society, and

(b)conditions A and B are met in relation to the security.

889(2)  Condition A is that the security was listed or capable of being listed on a recognised stock exchange at the time the dividend or interest became payable.

889(3)  Condition B is that the security is not–

(a)a qualifying certificate of deposit (see section 985),

(b)a qualifying uncertificated eligible debt security unit (see section 986), or

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