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 鈥渇ree of tax鈥� or 鈥渨ithout (or after)deduction of UK tax鈥� and does not mention the basic rate. The lender who receives theinterest payment is not entitled to any repayment of UK income tax.