[412A Relief for irrecoverable peer-to-peer loans]
Income Tax Act 2007 (2007 c 3) | Legislation

[Chapter 1A
Irrecoverable Peer-to-Peer Loans]

[The relief]

[412A  Relief for irrecoverable peer-to-peer loans]

[(1)     A person (“L”) is entitled to relief under this section if—

(a)     L has made a peer-to-peer loan (“the relevant loan”),

(b)     the loan was made through an operator,

(c)     L has not assigned the right to recover the principal of the loan, and

(d)     any outstanding amount of the principal of the loan has, on or after 6 April 2015, become

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Schemes of arrangement—procedure

Schemes of arrangement—procedureProduced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note looks at the detailed procedures to be followed to implement the acquisition by a buyer (offeror) of all the shares, or one or more classes of shares, in a company

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Notice to complete

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations.Time is generally not of the essence for completion of a contract for the sale of land. If the seller or the buyer delays completion, the defaulting party will be liable in damages

LEXISNEXIS

Possession of a bladed article

Possession of a bladed articleThe offence of possession of a bladed articleThe offence of having a bladed article in a public place can be tried in either the magistrates' court or the Crown Court. The magistrates' court will decline jurisdiction in those cases where it appears that its powers of