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Section 23D Other definitionsF1C1

(1)

The following provisions apply for the purposes of this group of sections.

(2)

“Arrangement” includes any agreement, understanding, scheme, settlement, trust, transaction or series of transactions (whether or not legally enforceable).

(3)

A “tax advantage” includes—

(a)

relief or increased relief from tax,

(b)

repayment or increased repayment of tax,

(c)

avoidance or reduction of a charge to tax or an assessment to tax,

(d)

avoidance of a possible assessment to tax,

(e)

deferral of a payment of tax or advancement of a repayment of tax, and

(f)

avoidance of an obligation to deduct or account for tax.

(4)

Section 993 of ITA 2007 (meaning of “connected” persons) applies for the purposes of this group of sections as if subsection (4) of that section 993 were omitted.

Annotations

Textual amendments

F1

Ss. 23A-23H and cross-heading inserted (16.11.2017) (with effect in accordance with s. 35(4) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 35(2)

Modifications

C1

Ss. 23A-23H modified (16.11.2017) (with application in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 12 para. 1(1) (as amended (22.7.2020) by Finance Act 2020 (c. 14), s. 16(5)(a))