Revenue Note for Guidance
The amount of interest on which a person obtains relief under section 244 is increased in certain limited circumstances where the person has to resort to bridging finance.
The section applies where a person —
In the period of 12 months from the date of the loan used to fund the acquisition or disposal or both, a person to whom the section applies is entitled to relief under section 244 in respect of the interest paid as if that person had paid no other interest in that period.
Relevant Date: Finance Act 2021