| [s179, sch 30] |
The repayment period of the loan must not be longer than 5 years
from the date the loan was advanced. The total amount owing
(including interest) must be repaid by the loan repayment date.
An unauthorised payments tax charge will be applied to a loan
that exceeds the 5 year term which has not been rolled over in
accordance with
RPSM07103160. Details of the
relevant charges can be found at
RPSM07103110.
| Glossary ( RPSM20000000) |
