Related Commentary  Related HMRC Manuals

397(1)  Interest on a loan within section 396 to an individual is eligible for relief only if conditions A to D are met.

397(2)  Condition A is that the company is, throughout the period beginning with the date on which the shares are acquired and ending with the date on which the interest is paid (“the payment date” )–

(a)an unquoted company that is resident in the United Kingdom or an EEA state and is not resident outside the European Economic Area, and

(b)a trading company or the holding company of a trading group.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.