[452G Corporate strips: manipulation of acquisition, transfer or redemption payments]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[452G  Corporate strips: manipulation of acquisition, transfer or redemption payments]

[(1)     This section applies if—

(a)     as a result of any scheme or arrangement, an amount referred to in subsection (2)(a), (b) or (c) differs from the market value of the corporate strip in a way specified in that subsection, and

(b)     the obtaining of a tax advantage by any person is the main benefit, or one of the main benefits, that might have been expected to accrue from, or from any provision of, the scheme or arrangement.

(2)     The ways are that—

(a)

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