(1)Interest that would be eligible for relief under this Chapter apart from this section is not eligible if—
(a)the interest is on a loan to which section 392, 396 or 398 applies, and
(b)the business carried on by the close company, employee-controlled company or partnership concerned consists of the occupation of commercial woodlands.
(2)If only part of the business consists in such occupation, only part of the interest is ineligible for the relief.
(3)That part is such part of the interest as it is just and reasonable to attribute to that part of the business having regard to all the relevant circumstances and, in particular, to the extent of the other part of the business.
(4)For the purposes of this section two or more businesses carried on by a company or partnership are to be regarded as a single business.
(5)In this section “commercial woodlands” means woodlands in the United Kingdom which are managed on a commercial basis and with a view to the realisation of profits.