C1C2C3C4C5C6Part 8Intangible fixed assets
Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
Pt. 8 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. 1(3); S.I. 2012/628, art. 3(b)
Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
C6Chapter 14Miscellaneous provisions
Matters to be ignored
864Tax avoidance arrangements to be ignored
1
In determining whether a credit or a debit is to be brought into account under this Part and, if so, its amount, any tax avoidance arrangements are ignored.
2
Arrangements are “tax avoidance arrangements” for this purpose if their main object or one of their main objects is to enable a company—
a
to obtain a debit under this Part to which it would not otherwise be entitled,
b
to obtain a debit under this Part which exceeds that to which it would otherwise be entitled,
c
to avoid having to bring a credit into account under this Part, or
d
to reduce the amount of any such credit.
3
In this section—
“arrangements” includes any scheme, agreement or understanding, whether or not it is legally enforceable, and
“brought into account” means brought into account for tax purposes.
Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)