EIM26111 - The benefits code: beneficial loans: loans taken over from another person

Section 174(4) ITEPA 2003

If the rights over an existing loan are taken over by another person the loan will remain within the charge if it was within the charge when it was first made.

A loan within the scope of the charge cannot be removed from it by the original lender handing his or her rights over to another person.

But a loan that was not within the charge when it was first made can be brought within it if it is taken over by a person mentioned in EIM26113.