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Paragraph 6 Introduction

Original text. Later amendments are not shown.

(1)

The arrangements specified in this Part are those which—

(a)

satisfy the condition in sub-paragraph (2); and

(b)

include one or more of the financial products to which paragraph 7 applies,

unless they are arrangements that are excluded by paragraph 8.

(2)

The condition is that the tax advantage expected to be obtained under the arrangements arises, to a significant degree, from the inclusion in those arrangements of the financial product or any of the financial products to which paragraph 7 applies.