Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 7Taxable benefits: loans
General supplementary provisions
190Exclusion of charge after death of employee
1
On the employee’s death a taxable cheap loan is to be treated—
a
for the purposes of this Chapter as ceasing to be outstanding, and
b
for the purposes of section 182 (normal method of calculating interest at the official rate) as being discharged on the date of death.
2
Section 188 (loan released or written off: amount treated as earnings) does not apply in relation to a release or writing off which takes effect on or after the death of the employee.