ihta84/s235.- Interest on overpaid tax.

[1975 Sch.4 para.19(3).]

235. - (1) Any repayment of an amount paid in excess of a liability for tax or for interest on tax shall carry interest from the date on which the payment was made [until the order for repayment is issued ¹ ] at the same rate as that at which the tax, if outstanding, would have carried interest.

[1975 Sch.4 para.19(4).]

(2) Interest paid under this section shall not constitute income for any tax purposes.

1 1989 s.180(4); deemed always to have had effect.