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Taxes Consolidation Act, 1997 (Number 39 of 1997)


Industrial and Provident Societies, Building Societies, and Trustee Savings Banks


Industrial and provident societies

698 Interpretation (Chapter 1).

[ITA67 s218; FA75 s33(2) and Sch1 PtII]

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.