INCOME TAX – employment-related loans – benefit of taxable cheap loan treated as earnings – whether exception for loan on ordinary commercial terms applied where a mortgage comprised of two different investment products with different rates of interest and terms and conditions – Yes – Appeal allowed. Income Tax (Earnings and Pensions) Act 2003 Sections 175 and 176
Citations:
[2014] UKFTT 317 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 11 June 2022; Ref: scu.525244
