INTEREST: LOANS FOR INTERESTS IN CLOSE COMPANIES

91  Section 392(3)(a) does not apply if the shares were acquired before 14 March 1989.

Origin

Para. 91: ICTA 1988, s. 360(3A).


92  Section 392(3)(b) does not apply if the shares were acquired before 6 April 1989.


Related Commentary  

93(1)  In relation to a loan made before 14 November 1986–

(a)section 395(1)(c) applies with the substitution for “the trustees of” of “any person (other than the individual) interested in”, and

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