
1 
This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) (No. 2)  Order 1992.
2 
The bodies named in article 3 below are prescribed for the purposes of section 376 of the Income and Corporation Taxes Act 1988 and shall become qualifying lenders with effect from the dates and in respect of the loans specified in the following paragraphs—
(a) with effect from the thirtieth day after the making of this Order, in relation to new loans (that is loans which are made on or after that day);
(b) with effect from the making of this Order, in relation to transferred loans (that is loans transferred from another qualifying lender on or after the making of this Order the interest on which is at the time of transfer relevant loan interest payable by a qualifying borrower);
(c) with effect from the 6th April 1993, in relation to other loans made by the body concerned before the thirtieth day after the making of this Order.
3 
The following are the bodies referred to in article 2 above—
 First National Building Society
 Irish Permanent Building Society
 Portman Financial & Mortgage Services Limited
 Portman Land Services Limited
 Portman Loans Limited
 Portman Mortgage Services Limited.
4 
Article 2 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1985shall be amended by omitting the words—
 “Carolina Bank Limited”.
5 
Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) (No. 2) Order 1986shall be amended by omitting the words—
 “Boston Safe Deposit and Trust Company”.
6 
Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) (No. 3) Order 1986shall be amended by omitting the words—
 “Société Générale”.
7 
Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1989shall be amended by omitting the words—“
 BT Mortgages Limited
 B.T.I. Investments Limited
 Mortgage Asset Residential Securities NO. 1 PLC
 Mortgage Asset Residential Securities NO. 2 PLC”.
Irvine Patnick
Gregory Knight
Two of the Lords Commissioners of Her Majesty’s Treasury
16th December 1992