418 Relief where borrowers liable as settlors
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

418  Relief where borrowers liable as settlors

(1)     Relief is given under this section if the person to whom the loan or advance was made—

(a)     is liable for the tax year for income tax on a sum in respect of it under Chapter 5 of Part 5 as a result of section 633 (capital sums paid to settlor

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