FTTTx Income tax and NI – cheap loans – employee benefit trust – discount agreement – was interest or discount paid – was re financing payment – was interest paid for relevant years of assessment – held – payments under discount agreement interest for tax purposes – refinancing did not amount to payment -no interest paid for relevant years – appeals dismissed.
Citations:
[2014] UKFTT 9 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 23 June 2022; Ref: scu.519565