# Finance Act 2020, Section 15: Loan charge not to apply to loans or quasi-loans made before 9 December 2010


(1) In Schedule 11 to F(No.2)A 2017 (employment income provided through third parties: loans etc outstanding on 5 April 2019) in paragraph 1 (person to be treated as taking a relevant step for the purposes of Part 7A of ITEPA 2003 by reason of making a loan or quasi-loan) in sub-paragraph (1)(b) for “6 April 1999” substitute “ 9 December 2010 ”.
(2) In Schedule 12 to F(No.2)A 2017 (trading income provided through third parties: loans etc outstanding on 5 April 2019) in paragraph 1 (application of sections 23A to 23H of ITTOIA 2005 in relation to certain loans and quasi-loans) in sub-paragraph (2)(a)(i) for “6 April 1999” substitute “ 9 December 2010 ”.
(3) Part 1 of Schedule 2 makes further amendments to F(No.2)A 2017 in consequence of this section.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/15 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.