{
  "url": "https://openlegislation.uk/finance-act-2002/schedule-21/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2002/schedule-21/paragraph-11.json",
  "legislation": "ukpga/2002/23",
  "legislation_title": "Finance Act 2002",
  "legislation_url": "https://openlegislation.uk/finance-act-2002",
  "path": "schedule/21/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": "Artificially inflated claims for first-year allowances",
  "text": "After section 416D insert—\n“ Artificially inflated claims for first-year allowances\n416E (1) To the extent that a transaction is attributable to arrangements entered into wholly or mainly for a disqualifying purpose, it shall be disregarded in determining for a chargeable period the amount of any first-year allowance to which a person is entitled.\n(2) For the purposes of this section, arrangements are entered into wholly or mainly for a “disqualifying purpose” if their main object, or one of their main objects, is to enable a person to obtain—\n(a) a first-year allowance to which he would not otherwise be entitled, or\n(b) a first-year allowance of a greater amount than that to which he would otherwise be entitled.\n(3) In this section “arrangements” includes any scheme, agreement or understanding, whether or not legally enforceable.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2002/23/schedule/21/paragraph/11",
    "retrieved_at": "2026-10-29T09:19:27.148984+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}