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Cheap loans in the context of employment

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The rules governing cheap loans for employees are well known yet in practice can be difficult to navigate. This requires a comprehensive understanding not only of the bases of calculating a taxable benefit but also what is meant by an employment related loan, how and what interest is reflected in the calculations plus the practical issues that surround claims to an exemptions. By their very nature, close companies will also often be involved in the provision of loans giving rise to some interesting legislative interactions.
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