This section applies for the purposes of this Part.

“A” and “B” are defined in section 554A(1)(a) F2or, as the case may be, section 554AA(1).

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

“Market value” has the same meaning as it has for the purposes of TCGA 1992 by virtue of Part 8 of that Act.

Section 170(2) to (11) of TCGA 1992 applies for the purpose of determining whether a company is a member of a group of companies.

And for that purpose, section 170(2) to (11) is to be read as if for “75 per cent” (wherever occurring) there were substituted “ 51 per cent ” (with section 1154(2) of CTA 2010 applying accordingly).

References to the payment of a sum of money include (in particular) references to the payment of a sum of money by way of a loan.

“Pension scheme” has the same meaning as in Part 4 of FA 2004 (see section 150(1) of that Act).

“Relevant step” is defined in section 554A(2) F4, but see also Schedule 11 to F(No. 2)A 2017.

References to the asset which is the subject of a relevant step are, in the case of a step within section 554C(1)(e), references to the lease granted.

For this purpose, the lease granted is to be treated as including any extensions of the lease, or any later lease, which by virtue of section 554C(7) or (8) is taken into account in determining the likely effective duration of the lease for the purposes of section 554C(1)(e).

“Tax avoidance arrangement” means an arrangement which has a tax avoidance purpose.

For the purposes of subsection (13) an arrangement has a tax avoidance purpose if subsection (15) applies to a person who is a party to the arrangement.

This subsection applies to a person if the main purpose, or one of the main purposes, of the person in entering into the arrangement is the avoidance of tax or national insurance contributions.