E4.829 Termination Of Employment—Writing Off Loans

Home / Simons-Taxes /Personal and employment tax /Part E4 Employment income /Division E4.8 Payments and benefits on termination of employment /Components of the termination package / E4.829 Termination of employment—writing off loans

Commentary

Personal and employment tax

The writing off of a loan owed by the employee to the employer is fully taxable under ITEPA 2003, s 188 (and not ITEPA

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C1.106 Allowable capital losses

C2.1020 Employment-related securities options and capital gains

E6.303A Domicile of origin

I3.750 POAT—introduction to existing arrangements

B5.123 BPS—negligible value claims

E8.810 Application for a National Insurance number

B2.413 Car hire

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

I5.226 Disposals of QIIPs for consideration

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

E4.1118 Calculation and payment of tax due on retrospective income

I7.120A BPR and excepted assets

D3.410 Benefits provided by close companies to participators

D1.404B Large company definition for R&D tax relief

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

B5.846 Charities and close companies

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

E1.416 Dividends from non-UK resident companies—general

I5.1304 Beneficiary with contingent interest

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