# Income and Corporation Taxes Act 1988, Paragraph 4

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

(1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
(a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
(b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
(2) The steps mentioned in sub-paragraph (1) are steps that may be made—
(a) under the law of any territory, or
(b) under arrangements made in relation to any territory.
(3) The steps mentioned in sub-paragraph (1) include—
(a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
(b) making elections for tax purposes.

---
Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AB/paragraph/4 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-28AB/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.