1089 Status of interest on certain unpaid taxes and duties.

[FA73 s35; FA75 s27; FA76 s29]

(1) Interest payable under—

(a) ^[1]>section 15 of the Stamp Act, 1891, and subsections (2) and (3) of section 69 of the Finance Act, 1973^<[1][1]>section 14 and subsections (3) and (4) of section 117 of the Stamp Duties Consolidation Act, 1999^<[1],

(b) section 114 of the Value-Added Tax Consolidation Act 2010, or

(c) ^[2]>section 531(9) or 991^<[2][2]>section 530Q, 531(9) or 991^<[2],

shall be payable without any deduction of income tax and shall not be allowed in computing any income, profits or losses for any of the purposes of the Income Tax Acts.

(2) Interest payable under section 18 of the Wealth Tax Act, 1975, or section 51 of the Capital Acquisitions Tax Consolidation Act 2003, shall not be allowed in computing any income, profits or losses for any of the purposes of the Tax Acts.