PART 5General anti-abuse rule
206General anti-abuse rule
(1)
This Part has effect for the purpose of counteracting tax advantages arising from tax arrangements that are abusive.
(2)
The rules of this Part are collectively to be known as “the general anti-abuse rule”.
(3)
The general anti-abuse rule applies to the following taxes—
(a)
income tax,
(b)
corporation tax, including any amount chargeable as if it were corporation tax or treated as if it were corporation tax,
(c)
capital gains tax,
(d)
petroleum revenue tax,
F1(da)
diverted profits tax,
F2(db)
apprenticeship levy,
(e)
inheritance tax,
(f)
stamp duty land tax, and
(g)
annual tax on enveloped dwellings.
F3(h)
multinational top-up tax.
F4(i)
domestic top-up tax.