Section 689 Overview of Chapter

United Kingdom

(1)

This Chapter contains rules connected with tax avoidance.

(2)

In particular—

(a)

for rules about unallowable purposes, see sections 690 to 692,

(b)

for rules relating to credits and debits where transactions are not at arm's length, see sections 693 to 695,

(c)

for rules relating to credits and debits in the case of transactions with non-UK residents, see sections 696 and 697, F1...

F2(d)

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

F3(e)

for rules about debits arising as a result of the derecognition of derivative contracts, see section 698A, F4and

(f)

for rules dealing with tax avoidance arrangements, see sections 698B to 698D.

Annotations

F1: Word in s. 689(2)(c) omitted (19.7.2011) (with effect in accordance with Sch. 4 para. 13 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 4 para. 10
F2: S. 689(2)(d) omitted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by virtue of Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 89(a)
F3: S. 689(2)(e) and word inserted (19.7.2011) (with effect in accordance with Sch. 4 para. 13 of the amending Act) by Finance Act 2011 (c. 11), Sch. 4 para. 10
F4: S. 689(2)(f) and word inserted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 89(b)

C1: Pt. 7 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)
C2: Pt. 7 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
C3: Pt. 7 modified by 2007 c. 3, s. 809FZZ(8) (as inserted (with effect in accordance with s. 37(4) of the amending Act) by Finance Act 2016 (c. 24), s. 37(2))
C4: Pt. 7 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(6) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)