EIM26100 - The benefits code: beneficial loans: contents

Part 3 Chapter 7 ITEPA 2003

1. EIM26101

   Beneficial loans: general
2. EIM26102

   When a chargeable benefit arises: taxable cheap loans
3. EIM26103

   Amount chargeable: the cash equivalent
4. EIM26104

   Amount of the official rate
5. EIM26105

   Loans in foreign currencies
6. EIM26106

   Official rates for certain foreign currencies
7. EIM26107

   When to use the sterling official rate and when a foreign currency rate
8. EIM26108

   Meaning of loan
9. EIM26109

   Identifying the loan
10. EIM26110

    Meaning of making a loan: loan made by third party - employee benefit trust
11. EIM26111

    Loans taken over from another person
12. EIM26112

    Meaning of relative
13. EIM26113

    Meaning of employment-related loan
14. EIM26114

    Exception where loan made by an individual
15. EIM26115

    Exception where loan made by an individual: continued
16. EIM26116

    Loans released or written off
17. EIM26130

    Examples
18. EIM26132

    Exemptions: general
19. EIM26135

    Exemptions: contrasting treatment where some or part of the interest would qualify for relief
20. EIM26136

    Exemptions: fully qualifying loans
21. EIM26137

    Exemptions: qualifying and non-qualifying loans
22. EIM26140

    Exemptions: small loans
23. EIM26142

    Exemptions: small loans: example
24. EIM26145

    Exemptions: small non-qualifying loans
25. EIM26146

    Exemptions: small non-qualifying loans: example
26. EIM26150

    Exemptions: no benefit derived from loan to relative
27. EIM26152

    Exemptions: loans for fixed periods at fixed interest
28. EIM26153

    Exemptions: loans for fixed periods at fixed interest: example
29. EIM26155

    Advances of expenses
30. EIM26156

    Advances of expenses: consequences
31. EIM26158

    Exemption for commercial loans
32. EIM26159

    Exemption for commercial loans: what are comparable loans
33. EIM26160

    Exemption for commercial loans: meaning of substantial proportion
34. EIM26162

    Exemption for commercial loans: meaning of at or about the time
35. EIM26164

    Exemption for commercial loans: meaning of members of the public at large
36. EIM26170

    Exemption for loans varied onto commercial terms
37. EIM26171

    Exemption for loans varied onto commercial terms: continued
38. EIM26175

    Exemption for loans varied onto commercial terms: meaning of relevant loans
39. EIM26176

    Exemption for loans varied onto commercial terms: meaning of on the same terms
40. EIM26180

    Aggregation of loans
41. EIM26190

    Aggregation of loans: continued
42. EIM26192

    Elections for aggregation
43. EIM26198

    When may balances be netted off
44. EIM26200

    Cash equivalent: the averaging and the precise method
45. EIM26210

    The averaging method
46. EIM26212

    Meaning of maximum balance on a day
47. EIM26215

    Averaging method: step by step
48. EIM26217

    Number of whole months
49. EIM26220

    The average official rate
50. EIM26221

    Example of calculation of cash equivalent using the averaging method
51. EIM26225

    When to use the averaging method
52. EIM26230

    The precise method
53. EIM26231

    Precise method: step by step
54. EIM26235

    Formula for the precise method
55. EIM26240

    Election for the precise method
56. EIM26242

    Election for the precise method: time limit for election
57. EIM26245

    Precise method: consulting an Inspector
58. EIM26250

    Cash equivalent: what interest paid is taken into account
59. EIM26251

    Cash equivalent: what interest is taken into account: interest capitalised
60. EIM26252

    Cash equivalent: interest paid half yearly
61. EIM26253

    Cash equivalent: interest paid half yearly: example
62. EIM26255

    Cash equivalent: interest paid after assessment final
63. EIM26257

    Cash equivalent: late interest payments: doubts about obligation to pay
64. EIM26258

    Late interest payments: action before listing appeal
65. EIM26260

    Order of repayment of successive loans
66. EIM26261

    Order of repayment of successive loans: rule in Clayton's case
67. EIM26270

    Cash equivalent of loan treated as interest paid
68. EIM26280

    Apportionment of cash equivalent of joint and several loan to two or more chargeable employees
69. EIM26300

    List of examples
70. EIM26311

    Example of steadily reducing cheap loan
71. EIM26312

    Example of a fluctuating cheap loan account
72. EIM26313

    Example of where an Inspector should elect for the precise method
73. EIM26314

    Example of some loans subject to aggregation and others not
74. EIM26500

    Interaction between employment income and other tax charges: loans from close companies: general
75. EIM26505

    Interaction between employment income and other tax charges: director's current or loan accounts with a close company
76. EIM26510

    Interaction between employment income and other tax charges: treatment of misappropriations in company investigation cases
77. EIM26515

    Alternative finance arrangements - Islamic finance
78. EIM26520

    Loans made by superannuation funds