
1 
This Order may be cited as the Income Tax (Official Rate of Interest on Beneficial Loans) Order 1987 and shall come into force on 6th April 1987.
2 
For the purposes of section 66 of, and Schedule 8 to, the Finance Act 1976 (which impose a charge to income tax on beneficial loans) the official rate of interest is prescribed to be 11½ per cent. per annum.
Michael Neubert
Peter Lloyd
Two of the Lords Commissioners of Her Majesty’s Treasury
24th March 1987