Part 6

Exempt income
Chapter 9

Other income

Interest only income

Interest on repayment of student loan
753
1
No liability to income tax arises in respect of interest if—
a
it is paid to a person to whom a student loan has been made, and
b
it relates to an amount repaid to the person after being recovered from the person in respect of the loan.
2
In this section “student loan” means a loan made under—
- section 22 of the Teaching and Higher Education Act 1998 (c. 30),
- section 73(f) of the Education (Scotland) Act 1980 (c. 44), or
- Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 (S.I. 1998/1760 (N.I. 14)).