PART IIIIncome Tax, Corporation Tax and Capital Gains Tax

Chapter IGeneral

27Relief for interest: limit for 1980-81

In paragraph 5(1) of Schedule 1 to the [1974 c. 30.] Finance Act 1974 (limit on relief for interest on certain loans for the purchase or improvement of land) the references to £25,000 shall have effect for the year 1980-81 as well as for previous years of assessment.