# Finance Act 2004, Paragraph 3


(1) “Loan year” means—
(a) the period of 12 months beginning with the date on which the loan is made, and
(b) each succeeding period of 12 months.
(2) But in the period of 12 months in which the loan repayment date falls, the loan year ends on the loan repayment date (and that loan year is the last loan year).

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/30/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-30/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.