417Person liableU.K.
This section has no associated Explanatory Notes
(1)The person liable for any tax charged under this Chapter is the person to whom the loan or advance was made.
(2)This is subject to—
section 419 (loans and advances to persons who die), and
section 420 (loans and advances to [F1trustees of settlements] that have ended).
Textual Amendments
F1Words in s. 417(2) substituted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), Sch. 13 para. 31(1)(a)(3)