- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)Interest on a loan within section 398 to an individual is eligible for relief only if conditions A and B are met.
(2)Condition A is that throughout the period from the use of the loan until the interest is paid the individual has been a member of the partnership otherwise than—
(a)as a limited partner in a limited partnership registered under the Limited Partnerships Act 1907 (c. 24), or
(b)as a member of an investment LLP.
(3)Condition B is that in that period the individual has not recovered any capital from the partnership, apart from any amount taken into account under section 406(2) (recovered capital that is treated as a repayment of the loan).
(4)If section 400 (film partnerships) applies in a tax year, only 40% of the interest that would otherwise be eligible for relief for that year is eligible.
(5)For the purposes of subsection (2) an individual who is not a member of a partnership is treated as such a member if—
(a)the partnership carries on a profession,
(b)the individual is employed by the partnership in a senior capacity, and
(c)the individual is allowed—
(i)to act independently in dealing with clients of the partnership, and
(ii)to act generally in such a way as to be indistinguishable from the partners in relations with those clients.
(6)For the purposes of subsection (2) “investment LLP” means a limited liability partnership—
(a)whose business consists wholly or mainly of the making of investments, and
(b)the principal part of whose income is derived from investments,
and whether a limited liability partnership is an investment LLP is determined for each period of account of the partnership.
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
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