Part 5Loan Relationships

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 F1..., see sections 441 F2and 442,

(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, F3...

F4(f)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(g)

for rules about debits arising as a result of the derecognition of creditor relationships, see section 455A, F6and

(h)

for rules dealing with tax avoidance arrangements, see sections 455B to 455D.