Beneficial Loan Arrangements

Bill Packer and Elaine Baker
Additional contact information
Bill Packer: Touche Ross & Co.
Elaine Baker: Touche Ross & Co.

Chapter 8 in A Tax Guide to Remuneration and Fringe Benefits, 1982, pp 71-75 from Palgrave Macmillan

Abstract: Abstract Specific legislation was introduced, with effect from 6 April 1978, to tax the benefit arising if loans are provided by an employer to an employee at a nil or low rate of interest. This applies to directors or higher-paid employees only and employees earning less than £8500 can take advantage of a beneficial loan arrangement without any tax liability arising, provided certain simple rules are followed. There must be no contractual entitlement to the provision of a loan, once granted it must not be transferable or assignable and it should not be ‘exchangeable’ for increased emoluments at the employee’s option.

Keywords: Fringe Benefit; Official Rate; Fixed Term; Specific Legislation; Lineal Descendant (search for similar items in EconPapers)
Date: 1982
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06674-2_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349066742

DOI: 10.1007/978-1-349-06674-2_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().