Raising finance for the business: sole traders and partnerships

1. Interest relief for qualifying loans

1.1. Restrictions on relief

1.2. Loan to buy plant or machinery for partnership use

1.3. Loans for investing in partnerships

1.4. How relief is given

1.5. Claiming relief

1.6. Class 4 NIC

1.7. Relief where there is insufficient income

2. Incidental costs of obtaining finance

2.1. Life insurance and life assurance premiums

3. Advising the client

4. Tax relief for loan interest paid

4.1. Interest paid on business loan to fund proprietor's overdraft

4.2. Loan to buy an asset used partly for private purposes

4.3. Loans for specific assets or purposes

4.4. Properties occupied rent-free

4.5. Limit on interest relief for businesses using the cash basis

4.6. Anti-avoidance