Relief for interest paid on certain home loans
18/01/1985
Query
What is regarded as "qualifying loan" where borrower of home improvement loan has option of insurance policy cover himself against accident
Decision
Interest charged on insurance premium would not qualify for relief but element of loan relating solely to home improvement regarded as "qualifying loan"
Income Tax
Section 244, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:8270/84