178 Exception for loans where interest qualifies for tax relief
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

178  Exception for loans where interest qualifies for tax relief

A loan is not a taxable cheap loan in relation to a particular tax year if, assuming interest is paid on the loan for that year (whether or not it is in fact paid), the whole of that interest—

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