I can't see any reason why it would not be deductible. The three areas targeted by the most recent changes are:
- Excluded property
- Relievable property (ie APR,BPR) and
- Debts which are not repaid after death.
I can't see any of these applying but they've all been around for 3/4 years - I'm not sure if you are referring to something more recent (or before, and I just forgot/missed it)?
Osborne Clarke LLP