# The Income Tax (Interest Relief) (Housing Associations) (Amendment) Regulations 1995, Regulation 4: Amendments to the principal Regulations


For regulation 4 there shall be substituted the following regulation—
“4 Section 369 shall have effect as if for subsection (1) there were substituted the following subsection—
“(1) If a housing association makes a payment of relevant loan interest to which this section applies, it shall be entitled, on making the payment, to deduct and retain out of it a sum equal to the applicable percentage thereof; and accordingly sections 337(3) (companies beginning or ceasing to carry on a trade), 338 (allowance of charges on income and capital) and 486(2) and (3) (interest paid by registered industrial and provident societies) shall not apply to that payment of relevant loan interest.”.”.

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Source: https://www.legislation.gov.uk/uksi/1995/1212/regulation/4 (the official version)
Page: https://openlegislation.uk/income-tax-interest-relief-housing-associations-amendment-regulations-1995/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.