Statute
Section 14 — Finance Act 2014: Relief for loan interest: loan to buy interest in employee-controlled company
Text of the provision Official document
Relief for loan interest: loan to buy interest in employee-controlled company 14 1 In section 397 of ITA 2007 (eligibility requirements for interest on loans within section 396), for subsection (2)(a) substitute—
a an unquoted company that is resident in the United Kingdom or another EEA state and is not resident outside the European Economic Area, and .
2 The amendment made by this section has effect in relation to interest paid in the tax year 2014-15 or any subsequent tax year.
Official source: legislation.gov.uk
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