393 Eligibility requirements for interest on loans within section 392
Income Tax Act 2007 (2007 c 3) | Legislation

393  Eligibility requirements for interest on loans within section 392

(1)     Interest on a loan within section 392(1) to an individual is eligible for relief only if—

(a)     when the interest is paid the company is not a close investment-holding company, and

(b)     the capital recovery condition and either the full-time working conditions or the material interest conditions are met.

(2)

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