To be helpful, a loan is not subject to income tax whereas if the loan was interest free the difference between the interest rate that someone might be charged and what they are not charged would be.
Finance Bill
Proceeding contribution from
Stephen Williams
(Liberal Democrat)
in the House of Commons on Thursday, 15 July 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
Type
Proceeding contribution
Reference
513 c1183
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-06-21 11:51:00 +0100
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_656270
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