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DLA and using it to reduce debt burden

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    #11
    Originally posted by ladymuck View Post
    Threads break when they're moved at the moment.
    bug or feature?
    See You Next Tuesday

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      #12
      Originally posted by Lance View Post

      bug or feature?
      Depends on your perspective, I guess!

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        #13
        Yes, this would be caught by bed and breakfasting rules. HMRC would consider that there was no intention to repay the loan and the subsequent loan would be treated as a continuation of the previous one, meaning you’ll be liable for a s455 tax charge until the loan is repaid. You would also have to pay interest on the loan or face a BIK charge.

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