Related Commentary  Related HMRC Manuals

196B(1)  An employer (“E”) is not to be given relief in respect of a contribution (“E's contribution”) paid by E under a registered pension scheme if conditions A, B and C are met.

196B(2)  Condition A is that–

(a)under an arrangement (“the asset-backed arrangement”)–

(i)a person (“the borrower”) receives money or another asset (“the advance”) from another person (“the lender”),

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