INTM342050 - DT applications and claims - Types of income: Interest
Free of tax
You may have an interest claim where the contract between the lender and the borrowerprovides for an interest payment “free of taxâ€� or “without (or after)deduction of UK taxâ€� and does not mention the basic rate. »Ê¹ÚÌåÓýapp lender who receives theinterest payment is not entitled to any repayment of UK income tax.