665.This section describes the loans to which the Chapter applies. It derives from section 160 of ICTA.
666.Subsection (1) applies this Chapter to loans if they are employment-related.
667.Subsection (2) defines “loan” and sets out what is meant by making a loan.
668.Subsection (3) is a reminder that sections 288 and 289 of this Act (limited exemption for certain bridging loans connected with employment moves) may mitigate the charge under these provisions.
Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 173: Loans to which this Chapter applies