(D) niAmh’s nEw EmployEr, who is not in thE BusinEss oF monEy lEnDing, hAs oFFErED hEr A loAn oF €100,000. this loAn woulD rEplACE An Existing BuilDing soCiEty loAn, tAkEn out in 2000. thE purposE oF this loAn wAs to purChAsE kEith AnD niAmh’s prinCipAl privAtE rEsiDEnCE. thE intErEst rAtE AppliCABlE to thE loAn oFFErED By niAmh’s EmployEr woulD BE 2% pEr Annum.rEquirED:ExplAin For niAmh thE inComE tAx AnD prsi impliCAtions, Arising on An AnnuAl BAsis, oF hEr tAking thE loAn From hEr EmployEr Assuming thAt hEr monthly pAy will rEmAin At its CurrEnt lEvEl. (5 mArks)