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
Introduction |
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General conditions |
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General conditions: the claimant |
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General conditions: joint loan examples |
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General conditions: certificates from lenders |
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Interest at more than a reasonable commercial rate |
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Interest in excess of a reasonable commercial rate: examples |
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Interest relieved on a paid basis |
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Reasonable commercial rate |
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(This text has been withheld because of exemptions in the Freedom of Information Act 2000) |
Arrangements minimising risk to borrower |
Arrangements minimising risk to borrower: definitions |
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Arrangements minimising risk to borrower: arrangements producing broadly compensatory amount |
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Arrangements minimising risk to borrower: examples |
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Loans to buy plant or machinery |
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Interest in a close company |
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Interest in a close company: ‘eligibility requirements’ |
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Interest in a close company: ‘full-time working conditions’ |
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Interest in a close company: ‘material interest conditions’ |
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Interest in a close company: recovery of capital |
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Interest in a close company: ‘capital recovery condition’: example |
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Interest in an employee controlled company |
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Interest in a partnership: introduction |
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Interest in a partnership: ‘eligibility requirements’ |
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Interest in a partnership: film partnerships |
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Interest in a partnership: recovery of capital |
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Interest in a partnership: return of partnership capital |
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Interest in a co-operative |
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Continuity of relief on business successions |
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Loan to pay inheritance tax |
