Paragraph 432

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 180(5) (threshold for benefit of loan to be treated as earnings)—

(a)

in paragraph (a) for the words from “(general” to “MIRAS)” substitute “ or section 383 of ITA 2007 (relief for interest payments) ”, and

(b)

in paragraph (b) for “that section” substitute “ section 353 of ICTA ”.