397 Eligibility requirements for interest on loans within section 396
Income Tax Act 2007 (2007 c 3) | Legislation

397  Eligibility requirements for interest on loans within section 396

(1)     Interest on a loan within section 396 to an individual is eligible for relief only if conditions A to D are met.

(2)     Condition A is that the company is, throughout the period beginning with the date on which the shares are acquired and ending with the date on which the interest is paid (“the payment date”)—

[(a)     an unquoted company that is resident in the United Kingdom or [an] EEA state and is not resident outside the European Economic Area, and]

(b)

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