Income Tax (Trading and Other Income) Act 2005 section 845D

Effect of claim, foreign employment election or foreign gain claim: costs of dwelling-related loan

Section 845D removes the tax reduction for non-deductible dwelling-related loan costs on an overseas property business where an individual claims the remittance basis for foreign income, foreign employment income or foreign gains in the same tax year.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.