OpenLegislation

Paragraph 587

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 178 (exception for loans where interest qualifies for tax relief)—

(a)

in paragraph (c)—

(i)

for “under Case I or II of Schedule D” substitute “ to tax ”, and

(ii)

after “carried on” insert “ wholly or partly in the United Kingdom ”, and

(b)

in paragraph (d) for “under Schedule A in respect of a Schedule A business” substitute “ to tax in respect of a UK property business, or a Schedule A business, ”.