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Legislation
Income Tax Act 2007

Crossheading General and supplementary

  • Section 406 Effect of recovery of capital in the case of some loans
  • Section 407 Events counting as recovery of capital for section 406
  • Section 408 Replacement loans
  • Section 409 Business successions between partnerships
  • Section 410 Other business successions and reorganisations
  • Section 411 Ineligibility of interest where business is occupation of commercial woodlands
  • Section 412 Information
  1. General and supplementary
  2. Information

Section 412 | Information

From legislation.gov.uk

(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.

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