Finance Act, 1963
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PART VII. Industrial and Provident Societies: Income Tax and Corporation Profits Tax. | ||
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Interpretation (Part VII). |
67.—In this Part of this Act, save where the context otherwise requires— | |
“capital allowance” means any allowance, other than an allowance falling to be made in computing profits or gains, under Rule 6 of the Rules applicable to Cases I and II of Schedule D, section 5 or section 6 of the Finance Act, 1946 , Part V of the Finance Act, 1956 , Part IV of the Finance (Miscellaneous Provisions) Act, 1956 , Part V of the Finance Act, 1957 , or Part V or section 74 of the Finance Act, 1959 ; | ||
“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 his holding in the share capital of the society; | ||
“society” means a society registered under the Industrial and Provident Societies Acts, 1893 to 1936; | ||
and references to the payment of share interest or loan interest include references to the crediting of such interest. |