The Employment and Trading Income etc. (Loan Charge Settlement Scheme) Regulations 2026
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Change 1
15 Inheritance tax
(1) If P enters into a settlement agreement— (a) amounts of inheritance tax which— (i) have not been paid, and (ii) arise before the end of the period of 3 months beginning with the day the settlement offer was made to P to which the settlement agreement relates, cease to be payable for the amounts, and by the persons, in case 1 and case 2, and (b) no relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan is to be treated as a liability for the purposes of section 5(3) of IHTA 1984. (2) Case 1 is an amount payable in respect of a transfer of value to a relevant settlement— (a) by P (where P is not a corporate employer), where the amount is attributable to property used for making the relevant Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan or a Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan to any other person, or (b) by P (where P is a corporate employer) or by any other person, where the amount is attributable to property used for making any relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan. (3) Case 2 is a settlement charge payable in respect of a relevant settlement— (a) by P (where P is not a corporate employer), where the charge is attributable to property used for making the relevant Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan or a Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan to any other person, or (b) by P (where P is a corporate employer) or by any other person, where the charge is attributable to property used for making any relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan. (4) In this regulation— “relevant settlement” means a settlement within the meaning of section 43 of IHTA 1984 that is used as part of the arrangements to which the relevant Schedule 11 or 12 to F(No. 2)A 2017 loans or quasi-loans relate; “settlement charge” means an amount of inheritance tax payable on any occasion of charge arising under Chapter 3 of Part 3 of IHTA 1984 (settlements without interests in possession etc.); “transfer of value” has the same meaning as it has in section 3 of IHTA 1984.
15 Inheritance tax
(1) If P enters into a settlement agreement— (a) amounts of inheritance tax which— (i) have not been paid, and (ii) arise before the end of the period of 3 months beginning with the day the settlement offer was made to P to which the settlement agreement relates, cease to be payable for the amounts, and by the persons, in case 1 and case 2, and (b) no relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan is to be treated as a liability for the purposes of section 5(3) of IHTA 1984. (2) Case 1 is an amount payable in respect of a transfer of value to a relevant settlement— (a) by P (where P is not a corporate employer), where the amount is attributable to property used for making the relevant Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan or a Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan to any other person, or (b) by P (where P is a corporate employer) or by any other person, where the amount is attributable to property used for making any relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan. (3) Case 2 is a settlement charge payable in respect of a relevant settlement— (a) by P (where P is not a corporate employer), where the charge is attributable to property used for making the relevant Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan or a Schedule 11 or 12 F(No. 2)A 2017 loan or quasi-loan to any other person, or (b) by P (where P is a corporate employer) or by any other person, where the charge is attributable to property used for making any relevant Schedule 11 or 12 to F(No. 2)A 2017 loan or quasi-loan. (4) In this regulation— “relevant settlement” means a settlement within the meaning of section 43 of IHTA 1984 that is used as part of the arrangements to which the relevant Schedule 11 or 12 to F(No. 2)A 2017 loans or quasi-loans relate; “settlement charge” means an amount of inheritance tax payable on any occasion of charge arising under Chapter 3 of Part 3 of IHTA 1984 (settlements without interests in possession etc.); “transfer of value” has the same meaning as it has in section 3 of IHTA 1984.
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