# Finance Act 2016, Paragraph 35

Extent: E+W+S+N.I.

(1) In paragraphs 33 and 34 “the counteracted advantage” means—
(a) in relation to a relevant defeat incurred by virtue of Condition A, the tax advantage mentioned in paragraph 12(1)(b);
(b) in relation to a relevant defeat incurred by virtue of Condition B, the denied advantage in relation to which the action mentioned in paragraph 13(1) is taken;
(c) in relation to a relevant defeat incurred by virtue of Condition C, means any tax advantage in respect of which the counteraction mentioned in paragraph 14(1)(c) is made ;
(d) in relation to a relevant defeat incurred by virtue of Condition F, means any tax advantage in respect of which the counteraction mentioned in paragraph 16A(1)(c) is made.
(2) In sub-paragraph (1)(c) “counteraction” is to be interpreted in accordance with paragraph 14(5).

---
Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/18/paragraph/35 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-18/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.