SAIM10000 - Relief for interest paid: overview and contents

Overview

This section of the Savings and Investment Manual covers a number of circumstances in which tax relief is available for payments of interest

The guidance in this section replaces the guidance that was previously found in the Relief Instructions at RE402-3 and RE420+ and prior to that in the Inspectors Manual at IM3800+.

Contents

SAIM10010Introduction
SAIM10020General conditions
SAIM10030General conditions: the claimant
SAIM10040General conditions: joint loan examples
SAIM10050General conditions: certificates from lenders
SAIM10060Interest at more than a reasonable commercial rate
SAIM10070Interest in excess of a reasonable commercial rate: examples
SAIM10080Interest relieved on a paid basis
SAIM10090Reasonable commercial rate
SAIM10200Loans to buy plant or machinery
SAIM10210Interest in a close company
SAIM10220Interest in a close company: ‘eligibility requirements’
SAIM10230Interest in a close company: ‘full-time working conditions’
SAIM10240Interest in a close company: ‘material interest conditions’
SAIM10250Interest in a close company: recovery of capital
SAIM10260Interest in a close company: ‘capital recovery condition’: example
SAIM10270Interest in an employee controlled company
SAIM10280Interest in a partnership: introduction
SAIM10290Interest in a partnership: ‘eligibility requirements’
SAIM10300Interest in a partnership: film partnerships
SAIM10310Interest in a partnership: recovery of capital
SAIM10320Interest in a partnership: return of partnership capital
SAIM10330Interest in a co-operative
SAIM10340Continuity of relief on business successions
SAIM10350Loan to pay inheritance tax