Section 65 Meaning of “tax advantage”I1

(1)

A “tax advantage” includes in particular—

(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, and

(e)

deferral of a payment of tax or advancement of a repayment of tax.

(2)

In determining whether a tax avoidance arrangement has resulted in a tax advantage, regard may be had to the amount of tax that would have been payable in the absence of the arrangement.

Annotations

Commencement

I1: S. 65 in force at 1.4.2015 by S.S.I. 2015/110, art. 2(1)