Skip to content
Solved

EIM26170 | The benefits code: beneficial loans: exemption for commercial loans: loans varied onto commercial terms

From HM Revenue & Customs · Employment Income Manual

Section 176(5) ITEPA 2003

There is an exemption for:

  • loans made by a person in the ordinary course of a business that includes the lending of money and

  • that are varied onto terms that are the same as the terms of loans held by members of the public (see EIM26171).