F1PART 3AGENERAL ANTI-AVOIDANCE RULE
Overview
81AMeaning of ““general anti-avoidance rule”” and overview
(1)
This Part makes provision for counteracting tax advantages arising from artificial tax avoidance arrangements, including provision—
(a)
about the meaning of ““tax avoidance arrangement””, ““artificial”” and ““tax advantage”” (sections 81B to 81D);
(b)
about WRA's power to make adjustments to counteract tax advantages and the steps to be taken by WRA in connection with such adjustments (sections 81E to 81G).
(2)
The rules in this Part are collectively to be known as “"the general anti-avoidance rule””.