Part 2 “Abusive” and “Tax Arrangements”: Meaning
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 2 “Abusive” and “Tax Arrangements”: Meaning

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(1)     Arrangements are “tax arrangements” for the purposes of this Schedule 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” for the purposes of this Schedule 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 to all the circumstances.

(3)

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