Paragraph 11
United Kingdom
(1)
A person (“P”) incurs a “relevant defeat” in relation to arrangements if any of Conditions A to F1F is met in relation to P and the arrangements.
(2)
The relevant defeat is incurred when the condition in question is first met.
Annotations
Textual amendments
- F1
Sch. 18 para. 11(1): "F" substituted for "E" (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(9)
Notes on Schedule 18
Modifications
- C1
Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)