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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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TCGA92/Sch4B - discharge of a loan obligation

TCGA92/Sch4B/para6(3)

Borrowing is applied for normal trust purposes if:

  • it is applied wholly or partly discharging a loan obligation of the trustees
  • the whole or all but an insignificant amount of the borrowing has been applied for normal trust purposes.