177 Exceptions for loans at fixed rate of interest
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

177  Exceptions for loans at fixed rate of interest

(1)     A fixed rate loan made on or after 6th April 1978 is not a taxable cheap loan by reason only of an increase in the official rate of interest since the year in which the loan was made if the condition in subsection (2) is met.

(2)

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