This section has no associated Explanatory Notes
588U.K.In section 180(5) (threshold for benefit of loan to be treated as earnings)—
(a)in paragraph (c)—
(i)for “under Case I or II of Schedule D” substitute “ to tax ”, and
(ii)after “carried on” insert “ wholly or partly in the United Kingdom ”, and
(b)in paragraph (d) for “under Schedule A in respect of a Schedule A business” substitute “ to tax in respect of a UK property business, or a Schedule A business, ”.