Market leading insight for tax experts
View online issue

Back to basics: Writing off employee loans

Continuing our series of basic informative articles Natasha Kaye and Matthew Wentworth of Olswang LLP discuss the writing off of employee loans
The write-off or release of a loan made to an employee may be desirable or necessary in a range of circumstances. This article examines the income tax and NICs consequences which may arise when a loan made to an employee is released or written off.
A write-off or release of an employee loan could fall within the charge to income tax in one of three ways by giving rise to:

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.