Taxes Consolidation Act, 1997
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Taxation of rents: restriction in respect of certain rent and interest. [FA74 s62(1) and (2)] |
105.—(1) This section shall apply to— | |
(a) rent in respect of premises, or | ||
(b) interest on borrowed money employed in the purchase, improvement or repair of premises, | ||
payable by a person chargeable to tax in accordance with section 75 on the profits or gains arising from rent in respect of those premises for a period before the date on which the premises are first occupied by a lessee for the purpose of a trade or undertaking or for use as a residence. | ||
(2) No deduction shall be allowed for any year of assessment under section 97 (2) in respect of rent or interest to which this section applies. |