{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-417",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-417.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/417",
  "kind": "section",
  "number": "417",
  "heading": "Person liable",
  "text": "(1) The person liable for any tax charged under this Chapter is—\n(a) in the case of a loan or advance made to a partnership, any partner who is an individual, and\n(b) in any other case, the person to whom the loan or advance was made.\n(1A) If more than one person is liable in a case within subsection (1)(a), the liability is to be apportioned between them in a just and reasonable manner.\n(2) This is subject to—\nsection 419 (loans and advances to persons who die), and\nsection 420 (loans and advances to trustees of trusts that have ended).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 417(1)(1A) substituted for s. 417(1) (with effect in accordance with Sch. 30 para. 14(2) of the amending Act) by Finance Act 2013 (c. 29), Sch. 30 para. 14(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/417",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}