Part 1 Application of Part 7A of ITEPA 2003

1. Relevant step
2. Meaning of “loan” and “quasi loan”
3. Meaning of “outstanding”: loans
4. Meaning of “outstanding”: loans in currencies other than sterling
5. Repayments in currencies other than the loan currency
6. Loans made in a depreciating currency
7. Meaning of “outstanding”: quasi-loans
8. Meaning of “outstanding”: quasi-loans in currencies other than sterling
9. Repayments in currencies other than the quasi-loan currency
10. Quasi-loans made in a depreciating currency
11. ...