Version Superseded: 22/07/2020
Point in time view as at 15/03/2018.
There are currently no known outstanding effects for the Finance (No. 2) Act 2017, Paragraph 36.
36(1)This paragraph applies where—U.K.
(a)a person (“P”) has made a loan, or a quasi-loan, to a relevant person,
(b)the loan or quasi-loan was made on or after 6 April 1999, and
(c)an amount of the loan or quasi-loan is outstanding at any time—
(i)on or after 17 March 2016, and
(ii)before the end of 5 April 2019.
(2)Each of A and P must ensure that the [F1loan charge information (see paragraph 35D)] in relation to the loan or quasi-loan is provided to B before the end of the period of 10 days beginning with the day after the loan charge date.
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In this paragraph “loan charge date” means—
(a)the approved repayment date, if the loan is an approved fixed term loan on 5 April 2019, or
(b)5 April 2019, in any other case.
F3(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7)“Loan”, “quasi-loan” and “outstanding” have the same meaning for the purposes of this paragraph as they have for the purposes of paragraph 1.
Textual Amendments
F1Words in Sch. 11 para. 36(2) substituted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 1 para. 11(2)
F2Sch. 11 para. 36(3) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)
F3Sch. 11 para. 36(5) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)
F4Sch. 11 para. 36(6) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)
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