Yearly Interest
15/06/1995
Query
Where a local authority is late in making a payment of an amount under a compulsory purchase order and is required to pay interest on such amount because it is late, is the interest "yearly interest" within the meaning of section 246 1997
Decision
Yes
Income Tax
Section 246, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT952534