Finance Act 2016
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Change 1
51 Loans to participators etc: trustees of charitable trusts
(1) In section 456 of CTA 2010 (exceptions to the charge to tax in case of loan to participator), after subsection (2) insert— (2A) Section 455 does not apply to a loan or advance made to a trustee of a charitable trust if the loan or advance is applied to the purposes of the charitable trust only. (2) The amendment made by subsection (1) has effect in relation to a loan or advance made on or after 25 November 2015.
51 Loans to participators etc: trustees of charitable trusts
(1) In section 456 of CTA 2010 (exceptions to the charge to tax in case of loan to participator), after subsection (2) insert— (2A) Section 455 does not apply to a loan or advance made to a trustee of a charitable trust if the loan or advance is applied to the purposes of the charitable trust only. (2) The amendment made by subsection (1) has effect in relation to a loan or advance made on or after 25 November 2015.
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