Apart from the exemption from charge for some qualifying loans there are several other categories of loans that can be exempt from a charge to tax and liability for Class 1A NICs. These are:

• small loans
• loans by an employer who is an individual (look at EIM26114 for more information)
• loans to a relative where no benefit is derived (look at EIM26150 for more information)
• loans for fixed periods at fixed rates of interest (look at EIM26152 for more information)
• commercial loans (look at EIM26158 for more information).

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