Taxes Consolidation Act, 1997
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PART 25 Industrial and Provident Societies, Building Societies, and Trustee Savings Banks | ||
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CHAPTER 1 Industrial and provident societies | ||
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Interpretation ( Chapter 1 ). [ITA67 s218; FA75 s33(2) and Sch1 PtII] |
698.— In this Chapter, except where the context otherwise requires— | |
“loan interest”, in relation to a society, means any interest payable by the society in respect of any mortgage, loan, loan stock or deposit; | ||
“share interest”, in relation to a society, means any interest, dividend, bonus or other sum payable to a shareholder of the society by reference to the amount of the shareholder's holding in the share capital of the society; | ||
“society” means a society registered under the Industrial and Provident Societies Acts, 1893 to 1978; | ||
references to the payment of share interest or loan interest include references to the crediting of such interest. |