Rates and Allowances - Interest rates
Beneficial loan arrangements - Official rates
1. Table of average official rates
Use the table below to find the average official rate of interest for years when
- the loan was outstanding throughout the Income Tax year,and
- you are using the normal averaging method of calculation.
| Year |
Average official rate |
|---|---|
| 1995-96 |
7.79% |
| 1996-97 |
6.93% |
| 1997-98 |
7.08% |
| 1998-99 |
7.16% |
| 1999-00 |
6.25% |
| 2000-01 |
6.25% |
| 2001-02 |
5.94% |
| 2002-03 |
5.00% |
2003-04 |
5.00% |
2004-05 |
5.00% |
2005-06 |
5.00% |
2006-07 |
5.00% |
2007-08 |
6.25% |
2. Table of actual official rates
Use the table below in cases not within 1 above
| From |
To |
Rate |
|---|---|---|
| 6.11.94 |
5.10.95 |
8.00% |
| 6.10.95 |
5.02.96 |
7.75% |
| 6.02.96 |
5.06.96 |
7.25% |
| 6.06.96 |
5.11.96 |
7.00% |
| 6.11.96 |
5.08.97 |
6.75% |
| 6.08.97 |
5.03.99 |
7.25% |
| 6.03.99 |
5.01.02 |
6.25% |
| 6.01.02 |
5.04.03 |
5.00% |
6.04.03 |
5.04.04 |
5.00% |
6.04.04 |
5.04.05 |
5.00% |
6.04.05 |
5.04.06 |
5.00% |
| 6.04.06 |
5.04.07 |
5.00% |
6.04.07 |
5.04.07 |
6.25% |
6.04.08 |
6.25% |
