The Income Tax (Interest Relief) (Qualifying Lenders) Order 1992

• Citation: S.I. 1992/1745
• Sections: 8

Section 1

This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) Order 1992.

Section 2

The bodies named in article 3 below are prescribed for the purposes of section 376 of the Income and Corporation Taxes Act 1988 and shall become qualifying lenders with effect from the dates and in respect of the loans specified in the following paragraphs—

(a) with effect from the thirtieth day after the making of this Order, in relation to new loans (that is loans which are made on or after that day);

(b) with effect from the making of this Order, in relation to transferred loans (that is loans transferred from another qualifying lender on or after the making of this Order the interest on which is at the time of transfer relevant loan interest payable by a qualifying borrower);

(c) with effect from the 6th April 1993, in relation to other loans made by the body concerned before the thirtieth day after the making of this Order.

Section 3

The following are the bodies referred to in article 2 above—

Bear Stearns Mortgage Securities No. 5 Limited

Bear Stearns Mortgage Securities No. 6 Limited

Bear Stearns Mortgage Securities No. 7 Limited

Bear Stearns Mortgage Securities No. 8 Limited

Bear Stearns Mortgage Securities No. 9 Limited

Bear Stearns Mortgage Securities No. 10 Limited

CCHA (Funding) Limited

Gota Bank Lloyds Private Banking Limited

Northern Rock Mortgage Services Limited

Norwich & Peterborough (AMC) Limited

Trushelfco (No. 1810) Limited

Ulster Bank Limited.

Section 4

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) (No. 3) Order 1986 shall be amended by omitting the words—

Charterhouse Bank Limited

Trushelfco (No. 1003) Limited

Section 5

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1987 shall be amended by omitting the words—

Hill Samuel Finance (No. 8) Limited

Hill Samuel Finance (No. 9) Limited

The Bank of Nova Scotia

Section 6

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1988 shall be amended by omitting the words—

Paribas Mortgage Funding Limited

Paribas Silver Mortgages Limited

Section 7

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) (No. 2) Order 1988 shall be amended by omitting the words—

Equity & Law Home Loans (NO 4) Limited

Equity & Law Home Loans (NO 5) Limited

Equity & Law Home Loans (NO 6) Limited

Section 8

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1989 shall be amended by omitting the words—

Paribas Throgmorton Mortgages Limited

Paribas Gracechurch Mortgages Limited

Paribas Threadneedle Mortgages Limited

Paribas Fenchurch Mortgages Limited

Paribas Moorgate Mortgages Limited