{
  "url": "https://openlegislation.uk/finance-act-2010/schedule-12/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2010/schedule-12/paragraph-11.json",
  "legislation": "ukpga/2010/13",
  "legislation_title": "Finance Act 2010",
  "legislation_url": "https://openlegislation.uk/finance-act-2010",
  "path": "schedule/12/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "In section 809S of ITA 2007 (remittance basis: anti-avoidance provisions relating to transfers of mixed funds), for subsection (4) substitute—\n“(4) Income tax advantage” means—\n(a) a relief from income tax or increased relief from income tax,\n(b) a repayment of income tax or increased repayment of income tax,\n(c) the avoidance or reduction of a charge to income tax or an assessment to income tax, or\n(d) the avoidance of a possible assessment to income tax;\nand for this purpose “relief from income tax” includes a tax credit.\n(4A) For the purposes of subsection (4)(c) and (d) it does not matter whether the avoidance or reduction is effected—\n(a) by receipts accruing in such a way that the recipient does not pay or bear income tax on them, or\n(b) by a deduction in calculating profits or gains.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/13/schedule/12/paragraph/11",
    "retrieved_at": "2026-10-29T09:10:09.149991+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."
}