Related Commentary  Related CasesRelated HMRC Manuals

253(1)  In this section “a qualifying loan”  means a loan in the case of which–

(a)the money lent is used by the borrower wholly for the purposes of a trade carried on by him, not being a trade which consists of or includes the lending of money, and

(b)if the loan is made before 24 January 2019, the borrower is resident in the United Kingdom, and

(c)the borrower’s debt is not a debt on a security as defined in section 132;

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