SCHEDULES
F1F1F2SCHEDULE 7A Beneficial loans: loans on ordinary commercial terms
Annotations:
Amendments (Textual)
F2
Sch. 7A inserted (with effect in accordance with s. 57(2) of the amending Act) by Finance Act 2000 (c. 17), s. 57(1), Sch. 10 para. 5(2)
Meaning of 'member of the public’
6
For the purposes of this Schedule a “member of the public” means a member of the public at large with whom the lender deals at arm’s length.
Schs. 6, 6A, 7, 7A repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 6 paras. 110, 111, Sch 8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)