http://www.legislation.gov.uk/ukpga/2010/4/section/1139Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-04-02Expert Participation2026-01-15 Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2) Part 24Chapter 111391This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section.2“Tax advantage” means—aa relief from tax or increased relief from tax,ba repayment of tax or increased repayment of tax,cthe avoidance or reduction of a charge to tax or an assessment to tax, ...dthe avoidance of a possible assessment to tax, ... dathe avoidance or reduction of a charge or assessment to a charge under Part 9A of TIOPA 2010 (controlled foreign companies), ...ethe avoidance or reduction of a charge or assessment to the bank levy under Schedule 19 to FA 2011 (the bank levy), orfthe avoidance or reduction of a charge to diverted profits tax.3For the purposes of subsection (2)(c) and (d) it does not matter whether the avoidance or reduction is effected—aby receipts accruing in such a way that the recipient does not pay or bear tax on them, orbby a deduction in calculating profits or gains.3AThe avoidance or reduction of a charge or assessment to the bank levy as a result of arrangements to which paragraph 47 of Schedule 19 to FA 2011 (bank levy: anti-avoidance) applies is to be ignored for the purposes of subsection (2)(e) to the extent that it results from arrangements, or part of arrangements, to which any of paragraph 47(7) to (12) of that Schedule applies.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S. 1139(3A) inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 19 para. 48(3)Word in s. 1139(2)(c) omitted (19.7.2011) by virtue of Finance Act 2011 (c. 11), Sch. 19 para. 48(2)(a)S. 1139(2)(e) and preceding word inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 19 para. 48(2)(b)Word in s. 1139(2)(d) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 20 para. 40(a)S. 1139(2)(da) inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 40(b)Word in s. 1139(2)(da) omitted (with effect in accordance with s. 116(1) of the amending Act) by virtue of Finance Act 2015 (c. 11), s. 115(3)S. 1139(2)(f) and preceding word inserted (with effect in accordance with s. 116(1) of the amending Act) by Finance Act 2015 (c. 11), s. 115(3)S. 1139(4) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 48