Introduction Section 464B Relief in case of return payment to company
12.Section 464B provides relief similar to that in section 458 CTA10 for loans.
13.If there is a section 464A tax charge on a benefit conferred, section 464B provides relief where the value is returned to the close company as a payment and without consideration being given for the payment.
14.Section 464B has time limits and claims rules which mirror those of section 458 CTA10.