SCHEDULES
C1SCHEDULE 18Serial tax avoidance
Annotations:
Modifications etc. (not altering text)
PART 2Entry into the regime and basic concepts
“Relevant defeat”
11
1
A person (“P”) incurs a “relevant defeat” in relation to arrangements if any of Conditions A to F1F is met in relation to P and the arrangements.
2
The relevant defeat is incurred when the condition in question is first met.
Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)