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TAX TIP: INTEREST RELIEF ON INVESTMENTS

21
Jul, 2010

Tax relief on interest on borrowings to invest in a company is given at the marginal rate of tax where the borrower is an employee/Director who has a material interest in the company i.e. greater than 5%.

An individual should therefore minimize borrowings for investments where little or no interest relief is available e.g. an investment in quoted shares.

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