Loans to employees. Preferential Rate applying
16/05/1997
Query
Employer wished to provide loans to employees to enable them purchase computers. The loans would be repaid by salary deduction over a 12 month period. The employer sought to have the provisions in S 122 TCA 1997 dispensed with, by concession.
Decision
Concession not acceeded to.
Income Tax
Section 122, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT 971522