Related Commentary  Related HMRC Manuals

401(1)  This section applies to a loan to an individual that is used in one or more of the ways specified in subsection (2).

401(2)  The ways are–

(a)acquiring shares in a body which is a co-operative,

(b)lending money to any such body which is used wholly and exclusively for the purposes of the business of that body or of a subsidiary of that body, and

(c)repaying another loan to which this section applies.

401(3)  In this Chapter–

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