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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › beneficial loan
sir if a loan has been taken out with an employer a@ 0% and the amount is 25000 at the start but has been repaid by the end of the tax year by the employee. then does a benficial loan charge arise for the tax year?
Thank you sir!!
Yes – a benefit is computed up to the date when the loan was repaid using the loan outstanding at repayment date as the closing figure of the loan
