Section 22 — Finance Act 2014: Threshold for benefit of loan to be treated as earnings

Threshold for benefit of loan to be treated as earnings 22 1 In section 180 of ITEPA 2003 (threshold for benefit of a loan to be treated as earnings), in subsections (1)(a) and (b), (2) and (3), for “£5,000” (wherever occurring) substitute “ £10,000 ” .

2 The amendments made by this section have effect for the tax year 2014-15 and subsequent tax years (and apply to loans made at any time).