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Regulation 8 Anti-avoidance

Original text. Later amendments are not shown.

(1)

Regulations 3 to 7 do not apply in the case of a regulatory capital security if there are arrangements the main purpose, or one of the main purposes, of which is to obtain a tax advantage for any person as a result of the application of these Regulations in respect of that security.

(2)

In paragraph (1), “tax advantage” has the meaning given in section 1139 of CTA 2010.