Related Commentary  Related CasesRelated HMRC Manuals

175(A1)  This section applies where an employment-related loan is a taxable cheap loan in relation to a tax year.

175(1)  The cash equivalent of the benefit of the loan is to be treated as earnings from the employee’s employment for the tax year.

175(1A)  If the benefit of the loan is provided pursuant to optional remuneration arrangements and the condition in subsection (1B) is met–

(a)subsection (1) does not apply, and

(b)the relevant amount (see section 175A) is to be treated as earnings from the employee’s employment for the tax year.

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