376 Qualifying borrowers and qualifying lenders
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

376  Qualifying borrowers and qualifying lenders

(1)     Subject to subsection (2) below, an individual is a qualifying borrower with respect to the interest on any loan.

(2)     In relation to interest paid at a time when the borrower or the borrower's husband or wife holds [an office or employment which would, but for some special exemption or immunity from tax, be a taxable employment under Part 2 of ITEPA

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