{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-399B",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-399B.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/399B",
  "kind": "section",
  "number": "399B",
  "heading": "Property partnerships: tax reduction for non-deductible loan interest",
  "text": "(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.\n(2) The individual is entitled to relief under this section for the tax year in respect of the relievable amount.\n(3) The amount of the relief is given by—\nB R × the relievable amountwhere PBR is the property basic rate of income tax for the year.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 399A, 399B inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), s. 24(7)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 399B(3) formula: “PBR” substituted for “BR” (for the tax year 2027-28 and subsequent tax years) by Finance Act 2026 (c. 11), s. 6(8), Sch. 1 para. 21(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 399B(3) substituted (for the tax year 2027-28 and subsequent tax years) by Finance Act 2026 (c. 11), s. 6(8), Sch. 1 para. 21(a)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 399B(3) substituted (for the tax year 2027-28 and subsequent tax years) by Finance Act 2026 (c. 11), s. 6(8), Sch. 1 para. 21(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/399B",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}