(b)for any relevant tax year for other interest on the same debt or liability.
52(2) A tax year is a relevant one if the interest in respect of which the relief is given could, but for the relief, have been brought into account in calculating the profits of a trade of the tax year.
52(3) For the purposes of subsection (1)(b) all interest which–
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.