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For brevity I will not repeat the points I raised on clause 13. Clause 14 extends income tax relief for interest paid on loans to buy an interest in an employee-controlled company wherever it resides in the EEA. I have already posed a number of questions to the Minister and am thankful for his assurances on anti-avoidance measures. I am also thankful for his assurance that we are not opening any loopholes. I assume that he will give me the same assurances in relation to the clause. On that basis, I am content for the clause to stand part of the Bill.
I am grateful for the hon. Lady’s support for the clause. The limit on income tax reliefs introduced in the Finance Act 2013 applies to this relief and will continue to apply, as do the anti-avoidance rules that currently apply to the income tax relief for loan interest. I am almost tempted to refer the hon. Lady to the answer I gave a moment ago. As she pointed out, similar points apply to both clauses 13 and 14. Again, I hope clause 14 will have the Committee’s support.