# Income and Corporation Taxes Act 1988, Paragraph 18


It is the main purpose or one of the main purposes of a transaction to achieve a reduction in United Kingdom tax if this is the purpose or one of the main purposes—
(a) of the controlled foreign company concerned; or
(b) of a person who has an interest in that company at any time during the accounting period concerned.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/18 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-25/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.