# Income Tax (Trading and Other Income) Act 2005, Paragraph 588


In section 180(5) (threshold for benefit of loan to be treated as earnings)—
(a) in paragraph (c)—
(i) for “under Case I or II of Schedule D” substitute “ to tax ”, and
(ii) after “carried on” insert “ wholly or partly in the United Kingdom ”, and
(b) in paragraph (d) for “under Schedule A in respect of a Schedule A business” substitute “ to tax in respect of a UK property business, or a Schedule A business, ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/588 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-588
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.