[399A Property partnerships: restriction of relief for investment loan interest]
Income Tax Act 2007 (2007 c 3) | Legislation

[399A  Property partnerships: restriction of relief for investment loan interest]

[(1)     This section applies to interest on a loan within section 398 if—

(a)     the partnership concerned carries on a property business, and

(b)     that property business or part of it is carried on for the purpose of generating income from—

(i)     land consisting of a dwelling-house or part of a dwelling-house, or

(ii)     an estate, interest or right in or over land within sub-paragraph (i).

(2)     Subsections (3) to (6) have effect to

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