Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 175: Claims under section 174 where actual provision relates to a security

362.This section prevents a claim from being made under section 174 where the participatory condition is satisfied as a result of indirect participation of a kind within sections 161 and 162 and a guarantee has been issued in respect of a security. It is based on paragraphs 1A(7), (9) and (10) and 6(4A) and (4B) of Schedule 28AA to ICTA.

Back to top