Revenue eBrief No. 278/24
13 November 2024
Interest Relief for Qualifying Financing Companies (QFCs) – Section 76E
Section 76E, introduced in Finance (No. 2) Act 2023, permits certain intermediary financing companies, known as Qualifying Financing Companies (or QFCs), to obtain a deduction for interest paid on certain external/third party loans.
This new Tax and Duty Manual (TDM)Part 04-05-07 provides guidance on the deductibility of interest by intermediary financing companies under section 76E.