Section 206 General anti-abuse ruleC2

United Kingdom

(1)

This Part has effect for the purpose of counteracting tax advantages arising from tax arrangements that are abusive.

(2)

The rules of this Part are collectively to be known as “the general anti-abuse rule”.

(3)

The general anti-abuse rule applies to the following taxes—

(a)

income tax,

(b)

corporation tax, including any amount chargeable as if it were corporation tax or treated as if it were corporation tax,

(c)

capital gains tax,

(d)

petroleum revenue tax,

(da)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(db)

F2apprenticeship levy,

(e)

inheritance tax,

(f)

stamp duty land tax, and

(g)

annual tax on enveloped dwellings.

(h)

F3multinational top-up tax.

(i)

F4domestic top-up tax.

Annotations

F1: S. 206(3)(da) omitted (for accounting periods beginning on or after 1.1.2026) by virtue of Finance Act 2026 (c. 11), s. 46(2), Sch. 5 para. 3(1)
F2: S. 206(3)(db) inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 104(2) (with s. 117)
F3: S. 206(3)(h) inserted (31.12.2023 in relation to accounting periods commencing on or after that date) by Finance (No. 2) Act 2023 (c. 30), s. 264, Sch. 14 para. 68(4)
F4: S. 206(3)(i) inserted (31.12.2023 in relation to accounting periods commencing on or after that date) by Finance (No. 2) Act 2023 (c. 30), s. 278, Sch. 18 para. 7(4)

C1: S. 206(3) modified (with effect in accordance with s. 10(7) of the amending Act) by National Insurance Contributions Act 2014 (c. 7), s. 10(2) (with s. 10(7))
C2: Pt. 5 extended (with effect in accordance with s. 10(7) of the amending Act) by National Insurance Contributions Act 2014 (c. 7), s. 10(1) (with s. 10(7))