Section 412 — Income Tax Act 2007: Information

Information 412 1 A person (“the payer”) who claims relief under this Chapter for a payment of interest made in a tax year is entitled to request the person to whom the interest is paid to give the payer a statement in writing about that interest containing the information specified in subsection (3).

2 That request must be in writing.

3 The information is—

a the date when the debt was incurred, b the amount of the debt when incurred, c the interest paid in the tax year, and d the name and address of the debtor.

4 The person to whom the interest is paid has a duty to comply with a request under subsection (1) and that duty is enforceable by the payer.

5 This section does not apply if the interest is paid to a building society or to a local authority.