Section 399B | Property partnerships: tax reduction for non-deductible loan interest ^F1

(1)Subsections (2) and (3) apply if for a tax year an individual would be given relief for an amount (“the relievable amount”) by section 383(1) but for section 399A.^F1

(2)The individual is entitled to relief under this section for the tax year in respect of the relievable amount.^F1

(3)The amount of the relief is given by—^F1F2F3F4