PART IX ANNUAL PAYMENTS AND INTEREST
Mortgage interest relief at source
376 Qualifying borrowers and qualifying lenders.
1
M1Subject to subsection (2) below, an individual is a qualifying borrower with respect to the interest on any loan.
2
In relation to interest paid at a time when the borrower or the borrower’s husband or wife holds F1an office or employment which would, but for some special exemption or immunity from tax, be a taxable employment under Part 2 of ITEPA 2003 (as defined by section 66(3) of that Act), the borrower is not a qualifying borrower.
3
In subsection (2) above references to the borrower’s husband or wife do not include references to a separated husband or wife F2. . . .
4
M2The following bodies are qualifying lenders:—
a
a building society;
b
a local authority;
c
the Bank of England;
d
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4e
a person who has permission under F5Part 4A of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance;
f
any company to which property and rights belonging to a trustee savings bank were transferred by section 3 of the M3Trustee Savings Bank Act 1985;
g
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
h
F7j
the Homes and Communities Agency;
F8ja
the Greater London Authority so far as exercising its housing or regeneration functions or its new towns and urban development functions;
F9k
the Regulator of Social Housing,
F10ka
the Secretary of State if the loan is made by him under section 79 of the M6Housing Associations Act 1985;
l
the Northern Ireland Housing Executive;
m
the Scottish Special Housing Association;
n
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
o
the Church of England Pensions Board;
F12p
any body which is for the time being registered under section 376A.
F134A
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .