Income Tax (Earnings and Pensions) Act 2003

173Loans to which this Chapter appliesU.K.
This section has no associated Explanatory Notes

(1)This Chapter applies to a loan if it is an employment-related loan.

(2)In this Chapter—

(a)loan” includes any form of credit, and

(b)references to making a loan (and related expressions) include arranging, guaranteeing or in any way facilitating a loan.

(3)Sections 288 and 289 make provision for exemption and relief for certain bridging loans connected with employment moves.