[Part 3A Duty to Provide Loan Charge Information to HMRC]
Finance (No 2) Act 2017 (2017 c 32) | Legislation

[Part 3A Duty to Provide Loan Charge Information to HMRC]

[Duty to provide loan charge information

35A

(1)     Paragraphs 35B and 35C apply if one of the following conditions is met.

(2)     The first condition is that—

(a)     a person (“Pâ€) is treated as taking a relevant step within paragraph 1 immediately before the end of 5 April 2019, and

(b)     Chapter 2 of Part 7A of ITEPA 2003 applies by reason of that relevant step.

(3)     . . .

(4)     The [second] condition is that—

(a)     paragraph 24(1) applies by reference to a loan, or a quasi-loan, made by a person (“Sâ€) to a relevant person (“Râ€),

(b)     R makes an application under paragraph 24(1) for S to be treated as mentioned in paragraph 24(1) in relation to the relevant step concerned,

(c)     a favourable decision is made on the application before 6 April 2019,

(d)     that decision is not revoked before 6 April 2019,

(e)     the first condition is not met, and

(f)     A is living immediately before—

(i)     the end of 30 September 2019, or

(ii)     if earlier, the time given by sub-paragraphs (i) and (ii) of paragraph 24(1)(b).

(5)     The [third] condition is that—

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