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Underwriting loan

18 June 2013
Issue: 4407 / Categories: Forum & Feedback , Business

A husband and wife are the directors of a limited company that has been set up to trade as a Lloyd’s underwriter. The husband has borrowed money to lend to the company as collateral, but this has been invested in National Savings in his wife’s name. What effect will this have on a claim for relief for loan interest paid?

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