SCHEDULES

F1F1SCHEDULE 7

Annotations:
Amendments (Textual)
F1

Schs. 6, 6A, 7, 7A repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 6 paras. 110, 111, Sch 8 Pt. 1 (with Sch. 7)

PART I MEANING OF “OBTAINED BY REASON OF EMPLOYMENT”

2

M1In paragraph 1 above—

a

references to a loan being made by any person include references to his assuming the rights and liabilities of the person who originally made the loan and to his arranging, guaranteeing or in any way facilitating the continuation of a loan already in existence;

b

“employer” includes a prospective employer; and

c

“company”, except in the expression “close company”, includes a partnership.