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SCHEDULES

[F1SCHEDULE 9AU.K. Anti-avoidance provisions: groups

Textual Amendments

F1Sch. 9A inserted (29.4.1996) by 1996 c. 8, s. 31, Sch. 4

Restrictions on giving directions]U.K.

2The Commissioners shall not give a direction under this Schedule by reference to a relevant event if they are satisfied that—

(a)the change in the treatment of the body corporate, or

(b)the transaction in question,

had as its main purpose or, as the case may be, as each of its main purposes a genuine commercial purpose unconnected with the fulfilment of the condition specified in paragraph 1(3) above.