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HMRC internal manual

Employment Income Manual

The benefits code: beneficial loans: meaning of relative

Section 174(6) ITEPA 2003 Relative is given a special meaning for the purpose of the charge on beneficial loans or their release or writing off.

Persons defined as relatives include:
* the employee’s spouse * the parents, children and brothers and sisters of both spouses * remoter ancestors or descendants of both spouses, for example, grandparents and grandchildren * the spouses of all the persons mentioned above.This definition is much wider than that used for:

  • other benefits of employees within the benefits code (see EIM20504)
  • benefits obtained by the use of vouchers or credit-tokens (see EIM16080)
  • sick pay (see EIM06410).