# Finance Act 1995, Paragraph 15

Extent: E+W+S+N.I.

Any self-cancelling transaction or transaction with a connected person is a relevant transaction for the purposes of paragraphs 1, 3 and 7 above unless—
(a) the transaction is entered into exclusively for bona fide commercial reasons; or
(b) the obtaining of a tax advantage is not the main benefit that could reasonably be expected to arise from the entering into of the transaction.

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Source: https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-1995/schedule-22/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.