Section 81A Meaning of ““general anti-avoidance rule”” and overviewF1

(1)

This Part makes provision F2, relating to devolved taxes, for counteracting tax advantages arising from artificial tax avoidance arrangements, including provision—

(a)

about the meaning of ““tax avoidance arrangement””, ““artificial”” and ““tax advantage”” (sections 81B to 81D);

(b)

about WRA's power to make adjustments to counteract tax advantages and the steps to be taken by WRA in connection with such adjustments (sections 81E to 81G).

(2)

The rules in this Part are collectively to be known as “"the general anti-avoidance rule””.