Interest payable overseas before 1966-67 to be allowed as a deduction.
6At the end of section 54(3) of the [1952 c. 10.] Finance Act 1965 (which prevents interest payable overseas being allowed under section 138 of the Income Tax Act 1952 as a deduction in computing income from a trade) there shall be added the words " in respect of payments made after the year 1965-66 ".