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Loans shared by two employees

HI All,

I am working on UK payroll.I have a scenario where in one loan(mortgage) has been shared by two employees.I would like to know how do we create IT 45 record.

Regards

Janhavi

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  • Posted on Dec 08, 2011 at 03:02 PM

    I am guessing that will have to be treated as two loans - one each to eavh of the employees who is sharing. I am assuming that each employee willl have a fixed repayment schedule that needs to be recovered from the payroll.

    As a matter of interest why are these two employees sharing a loan - are they part of the same family?

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