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EXAMPLES FROM CORPUS
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A combination of the two processes means that you can use seven years of unused tax relief in one tax year.
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However, in the 1988 Budget the Chancellor abolished the tax relief on all inter-personal covenants except those made for charitable purposes.
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I have no savings interest and claim tax relief on £5 a week paid to my ex-wife.
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Is there any way tax relief may be claimed on the cost of this lease?
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No one loses their right to tax relief on borrowings up to £30,000 for these purposes.
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Once you remortgage, tax relief will be limited to the first £30,000 of your loan.
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There are a range of possible initiatives from the establishment of a levy system, to tax relief for individuals.
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Whatever happens, any tax relief obtained on donations you have already made will not be lost.