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Mortgage interest relief - post Finance Act 1988

Language: English Series: Taxation ; 121(3161) 12 August 1988, 425-427(3)Publication details: 1988Subject(s): Summary: Extracts from a letter issued by the Inland Revenue giving guidance on the operation of the residence basis of mortgage interest relief introduced by the Finance Act 1988 . Gives numerous examples of different scenarios and discusses the position of loans for residence of dependant relatives and replacement loans.

Extracts from a letter issued by the Inland Revenue giving guidance on the operation of the residence basis of mortgage interest relief introduced by the Finance Act 1988 . Gives numerous examples of different scenarios and discusses the position of loans for residence of dependant relatives and replacement loans.