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4533. Beneficial loans. What is it and How to Assign?
 
Beneficial loans are interest-free loans or loans with an interest rate below HM Revenue & Customs (HMRC) official rate of interest that are provided to your employee or their relative by any of the following:
  • You
  • A company or partnership you control
  • A company or partnership that controls your business
  • A person with a material interest in your business
Beneficial loans can also be considered, if you or any of the others in the list above arrange, facilitate, or guarantee a loan, or take one over from someone else. For more information click here.

Road Map - Assign Beneficial loans
Process P11D -> Assign P11D / P9D Benefit -> Select H. Interest-free and low interest loans -> Assign Benefits button -> Add New Loan button -> Save button -> Done button
( 'Process P11D' is the button positioned in the tasking zone menu at the top. It is the fourth button from the left)