207 Meaning of “tax arrangements” and “abusive”
Finance Act 2013 (2013 c 29) | Legislation

207  Meaning of “tax arrangements” and “abusive”

(1)     Arrangements are “tax arrangements” if, having regard to all the circumstances, it would be reasonable to conclude that the obtaining of a tax advantage was the main purpose, or one of the main purposes, of the arrangements.

(2)     Tax arrangements are “abusive” if they are arrangements the entering into or carrying out of which cannot reasonably be regarded as a reasonable course of action in relation to the relevant tax provisions, having regard

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