# Finance Act 2010, Paragraph 11


In section 809S of ITA 2007 (remittance basis: anti-avoidance provisions relating to transfers of mixed funds), for subsection (4) substitute—
“(4) Income tax advantage” means—
(a) a relief from income tax or increased relief from income tax,
(b) a repayment of income tax or increased repayment of income tax,
(c) the avoidance or reduction of a charge to income tax or an assessment to income tax, or
(d) the avoidance of a possible assessment to income tax;
and for this purpose “relief from income tax” includes a tax credit.
(4A) For the purposes of subsection (4)(c) and (d) it does not matter whether the avoidance or reduction is effected—
(a) by receipts accruing in such a way that the recipient does not pay or bear income tax on them, or
(b) by a deduction in calculating profits or gains.”

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Source: https://www.legislation.gov.uk/ukpga/2010/13/schedule/12/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2010/schedule-12/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.