C1C2C3C4C5Part 5Loan Relationships
Pt. 5 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 990(5), 1184(1) (with Sch. 2)
Pt. 5 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 5; S.I. 2012/628, art. 3(b)
Pt. 5 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 2; S.I. 2011/2576, art. 5
Chapter 15Tax avoidance
Introduction
440Overview of Chapter
1
This Chapter contains rules connected with tax avoidance.
2
In particular—
a
for rules about unallowable purposes and tax relief schemes and arrangements, see sections 441 to 443,
b
for rules relating to credits and debits where transactions are not at arm's length (other than credits and debits relating to exchange gains and losses), see sections 444 to 446,
c
for rules relating to credits and debits relating to exchange gains and losses where transactions are not at arm's length, see sections 447 to 452,
d
for rules about connected parties deriving benefit from creditor relationships, see section 453,
e
for rules dealing with tax advantages from resetting interest rates, see section 454, F1...
f
for rules dealing with disposals of rights under creditor relationships for consideration not fully recognised for accounting purposes, see section 455.F2, and
g
for rules about debits arising as a result of the derecognition of creditor relationships, see section 455A.
Pt. 5 applied (with effect in accordance with Sch. 24 paras. 13-16 of the amending Act) by Finance Act 2009 (c. 10), Sch. 24 para. 15(2)(3)