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Legislation

Income Tax (Trading and Other Income) Act 2005

Chapter 6 Release of loan to participator in close company

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Section 415 Charge to tax under Chapter 6
Section 416 Income charged
Section 417 Person liable
Section 418 Relief where borrowers liable as settlors
Section 419 Loans and advances to persons who die
Section 420 Loans and advances to trustees of trusts that have ended
Section 420A Temporary non-residents
Section 421 Income tax treated as paid
Section 421A Power to obtain information

Income Tax (Trading and Other Income) Act 2005
Chapter 6 · Release of loan to participator in close company

Section 421 | Income tax treated as paid

From legislation.gov.uk

15 July 2026

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
S. 421 omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 1(1)

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