SCHEDULES
SCHEDULE 4 Withdrawal of relief for interest on loans to buy land etc.
Amendments of Part IX of the Taxes Act 1988
7
(1)
Section 373 of the Taxes Act 1988 (loans in excess of the qualifying maximum, and joint borrowers) is amended as follows.
(2)
Omit—
(a)
in subsection (1), the words “section 356A, section 357(1) or”;
(b)
subsections (3) and (4);
(c)
in subsection (5), the words from “and” to “also fulfilled”; and
(d)
in subsection (7), the words from “and” to the end.
(3)
In subsection (6), for “sections 370 to 372” substitute “
section 370
”
.