SCIT Loan relationship – release – paragraph 5(3), schedule 9, Finance Act 1996 – effect of covenants in loan agreement – does lender control borrower for purposes of section 87a finance act 1996 – no – amount released brought into charge.
Citations:
[2008] UKSPC SPC00714, [2008] STI 2674, [2008] STC (SCD) 1245
Links:
Statutes:
Jurisdiction:
England and Wales
Income Tax
Updated: 21 July 2022; Ref: scu.278761
