The Income Tax (Interest Relief) (Qualifying Lenders) (No. 3) Order 1993

• Citation: S.I. 1993/2478
• Sections: 5

Section 1

This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) (No.3) Order 1993.

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 1994, 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—

Alliance & Leicester Mortgage Loans Limited

Aradena Limited

Dreros Limited

Meritsurvey Trading Limited

Randomdetail Projects Limited

Residential Property Securities No. 5 Limited

Residential Property Securities No. 6 Limited

Residential Property Securities No. 7 Limited.

Section 4

Article 2 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1983 shall be amended by omitting the words—

“Bradford Investments”.

Section 5

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. 2) Limited

Equity & Law Home Loans (NO. 3) Limited