186 Replacement loans
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

186  Replacement loans

(1)     This section applies where an employment-related loan (“the original loan”) is replaced, directly or indirectly, by—

(a)     a further employment-related loan, or

(b)     a loan which is not an employment-related loan but which in turn is, in the same tax year or within 40 days after the end of the tax year, replaced, directly

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