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The Income Tax (Interest Relief) (Qualifying Lenders) Order 1990
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- 1990 No. 1298
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
By article 2, the bodies named in article 3 are prescribed as qualifying lenders so that interest on qualifying loans made by them may be paid to them under deduction of tax under the mortgage interest relief at source scheme (MIRAS) (introduced by the Finance Act 1982 (c. 39)) from the dates specified in the Order.
By article 4, the Income Tax (Interest Relief) (Qualifying Lenders) Order 1983 is amended by omitting from article 2 thereof “Shanghai Commercial Bank Limited”.
By article 5, the Income Tax (Interest Relief) (Qualifying Lenders) (No. 3) Order 1986 is amended by omitting from article 3 thereof “Featurechase Limited”.
By article 6, the Income Tax (Interest Relief) (Qualifying Lenders) Order 1988 is amended by omitting from article 3 thereof “NM Home Loans No. 3 Limited”, “NM Homes No. 4 Limited” and “NM Home Loans No. 5 Limited”.
Previous Orders which are in force are S.I. 1983/1907, 1984/1945, 1985/1697, 1986/386, 1440 and 2191, 1987/1224 and 2127, 1988/781 and 1962, and 1989/908 and 1932.
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