174 Employment-related loans
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

174  Employment-related loans

(1)     For the purposes of this Chapter an employment-related loan is a loan—

(a)     made to an employee or a relative of an employee, and

(b)     of a class described in subsection (2).

(2)     For the purposes of this Chapter the classes of employment-related loan are—

A

A loan made by the employee's employer.

B

A loan made by a company or partnership over which the employee's employer had control.

C

A

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