Commentary

40.4 Tax relief for investment in the business

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

40.4 Tax relief for investment in the business

| Commentary

40.4 Tax relief for investment in the business

The tax regime provides incentives for parties who wish to invest in small businesses by allowing them to obtain income tax relief on any loans they may take out to finance the investment. The relief applies to a loan taken out by an individual in order to finance the purchase of a share in a partnership, however small the share, or to lend to a partnership1. There are stricter conditions for claiming tax relief where a loan is taken out to finance the purchase of shares in a company limited

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