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Legislation
Finance Act 1993

Crossheading Interest: general

  • Section 55 Relief for interest.
  • Section 56 Interest relief: substitution of security.
  • Section 57 Temporary relief for interest payments.
  • Section 58 Overclaims in respect of deductions of mortgage interest.
  • Section 59 Interest payments to persons not ordinarily resident in UK.
  • Section 60 Certain interest not allowed as a deduction.
  1. Interest: general
  2. Relief for interest.

Section 55 | Relief for interest.

From legislation.gov.uk

For the year 1993-94 the qualifying maximum defined in section 367(5) of the Taxes Act 1988 (limit on relief for interest on certain loans) shall be £30,000.

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