52 Exclusion of double relief for interest
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

52  Exclusion of double relief for interest

(1)     In calculating the profits of a trade, no deduction is allowed—

(a)     for any tax year for the interest paid on a debt or liability in respect of which relief is given under [section 383 of ITA 2007] (see subsection (5) below), or

(b)     for any relevant tax year for other interest on the

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