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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Losses: loans to traders: payments under guarantee: asset as security

We accept that where a person charges an asset as security for a qualifying loan and in accordance with that arrangement the security is realised for the benefit of the lender, Section 253 (4) is capable of applying in the same way as if the payment was made under a specific guarantee.