SCHEDULES
SCHEDULE 7 SUMS TO BE DISREGARDED IN THE CALCULATION OF INCOME OTHER THAN EARNINGS
F162.
(1)
Subject to sub-paragraph (2), in the case of a person who is receiving, or who has received, assistance under F2the self-employment route, any payment to that person—
(a)
to meet expenses wholly and necessarily incurred whilst carrying on the commercial activity;
(b)
which is used or intended to be used to maintain repayments on a loan taken out by that person for the purpose of establishing or carrying on the commercial activity,
in respect of which such assistance is or was received.
(2)
Sub-paragraph (1) shall apply only in respect of payments which are paid to that person from the special account as defined for the purposes of Chapter IVA of Part VIII.