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Regulation 5 Persons not to be treated as promoters under section 307(1)(b)(ii)

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

A person is not to be treated as a promoter under section 307(1)(b)(ii) where he is not connected with another person who is a promoter under section 307(1)(a) or (b)(i) in relation to—

(a)

the arrangements; or

(b)

arrangements which are substantially the same as those arrangements.