175 Benefit of taxable cheap loan treated as earnings
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Benefit of taxable cheap loan treated as earnings

175  Benefit of taxable cheap loan treated as earnings

[(A1)     This section applies where an employment-related loan is a taxable cheap loan in relation to a tax year.

(1)     The cash equivalent of the benefit of the loan is to be treated as earnings from the employee's employment for the tax year.

(1A)     If the benefit of the loan is provided pursuant to optional remuneration arrangements and the condition in subsection

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