Paragraph 36

United Kingdom

(1)

This paragraph applies where—

(a)

a person (“P”) has made a loan, or a quasi-loan, to a relevant person,

(b)

the loan or quasi-loan was made on or after F19 December 2010, and

(c)

an amount of the loan or quasi-loan is outstanding at any time—

(i)

on or after 17 March 2016, and

(ii)

before the end of 5 April 2019.

(2)

Each of A and P must ensure that the F2loan charge information (see paragraph 35D) in relation to the loan or quasi-loan is provided to B before the end of F315 April 2019.

F4(3)

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F5(4)

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F6(5)

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F7(6)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)

“Loan”, “quasi-loan” and “outstanding” have the same meaning for the purposes of this paragraph as they have for the purposes of paragraph 1.

Annotations

Textual amendments

F1: Words in Sch. 11 para. 36(1)(b) substituted (22.7.2020) by Finance Act 2020 (c. 14), Sch. 2 para. 16(2)
F2: Words in Sch. 11 para. 36(2) substituted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 1 para. 11(2)
F3: Words in Sch. 11 para. 36(2) substituted (22.7.2020) by Finance Act 2020 (c. 14), Sch. 2 para. 16(3)
F4: Sch. 11 para. 36(3) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)
F5: Sch. 11 para. 36(4) omitted (22.7.2020) by virtue of Finance Act 2020 (c. 14), Sch. 2 para. 16(4)
F6: Sch. 11 para. 36(5) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)
F7: Sch. 11 para. 36(6) omitted (15.3.2018) by virtue of Finance Act 2018 (c. 3), Sch. 1 para. 11(3)

Notes on Duty to provide loan charge information to B

Textual amendments

F1: Word in Sch. 11 para. 36 cross-heading substituted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 1 para. 11(4)