Advances for expenses

Aggregation of loans

Aggregation of loans by close company to director

Alternative finance arrangements

Amount chargeable

Avoidance via loans in soft currencies

Calculation of benefit

Alternative (precise) method

Generally

Normal (averaging) method

Capital sums paid to settlor

Capitalised interest

Cash equivalent benefit of loan treated as earnings

Apportionment in case of joint loans

Generally

Threshold

Cash equivalent of loan benefit

Claims for relief, subsequent events

Classes of loans

Close companies, written-off loans

Death of employee

Employee benefit trusts

Employees affected

Employees coming to the UK

Exceptions

Advances for necessary expenses

Double charges

Fixed interest loans

Generally

Interest qualifying for tax relief

Ordinary commercial term loans

Fixed period and fixed interest loans

Foreign currency loans

Generally

Interest

Alternative method of calculation

Generally

Normal method of calculation

Official rate

Treated as paid

Interest payable

Interest, official rate

Loan on ordinary commercial terms, meaning

Loan, meaning

Making a loan, meaning

Meaning

Notional loans in respect of acquisitions of shares

Official rate of interest

Average rates

Foreign currency loans

Generally

Threshold

Ordinary commercial terms

Privately made

Qualifying for tax relief

Relatives

Released or written off

Released or written-off

Repayment of successive loans

Replacement loans

Shari'a law

Small loans

Small non-qualifying loans

Termination payments

When benefit arises

Written off