396 Loan to buy interest in employee-controlled company
Income Tax Act 2007 (2007 c 3) | Legislation

Loans for interests in employee-controlled companies

396  Loan to buy interest in employee-controlled company

(1)     This section applies to a loan to an individual that is used in one or more of the ways specified in subsection (2).

(2)     The ways are—

[(a)     acquiring part of the ordinary share capital of a company that first becomes an employee-controlled company—

(i)

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