# The Income Tax (Interest Relief) (Qualifying Lenders) Order 1992, Note: Explanatory note


(This note is not part of the Order)
A person who is a qualifying borrower, and who makes a payment of relevant loan interest to a qualifying lender, is entitled to pay that interest under deduction of tax under the mortgage interest relief at source scheme (MIRAS).
This Order prescribes the bodies named in article 3 as qualifying lenders from the dates specified in article 2.
This Order also amends previous Orders (in articles 4 to 8) by omitting the bodies named in those articles.
These bodies therefore cease to be qualifying lenders.
Previous Orders which are in force are S.I. 1983/1907, 1984/1945, 1985/1697, 1986/386, 1440 and 2191, 1987/1224 and 2127, 1988/781 and 1962, 1989/908 and 1932, 1990/1298 and 1991/618 and 2604.

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Source: https://www.legislation.gov.uk/uksi/1992/1745/note (the official version)
Page: https://openlegislation.uk/income-tax-interest-relief-qualifying-lenders-order-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.