EIM47195 - Finance (No 2) Act 2017: part 3A: 2019 loan charge reporting requirement: loan charge information: para 35D(3): quasi-loan payment information

The “quasi-loan payment information” consists of the following:

a. the amount equal to the value of the acquired debt

b. the amount equal to the value of the additional debts acquired in each relevant tax year

c. the amount by which the initial debt amount has been reduced by way of repayment in each relevant tax year, ignoring any repayments not in money made on or after 17 March 2016

d. where the acquired debt or an additional debt is a right to a transfer of assets, and the assets have been transferred, the amount of the market value of the assets at the time of the transfer

e. the details of any repayment that is to be disregarded under paragraph 12

f. the amount by which the initial debt amount has been reduced by release or writing off in each relevant tax year, and

g. whether the liability for income tax arising because of the application of Chapter 2 of Part 7A of the Income Tax (Earnings and Pensions) Act 2003, or section 188 of that Act, by reason of the release or writing-off has been paid.