30InterpretationU.K.
(1)For the purposes of this Chapter—
(a)references to a scheme are references to any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
(b)it shall be immaterial in determining whether any transactions have formed or will form part of a series of transactions or scheme that the parties to any of the transactions are different from the parties to another of the transactions; and
(c)the cases in which any two or more transactions are to be taken as forming part of a series of transactions or scheme shall include any case in which it would be reasonable to assume that one or more of them—
(i)would not have been entered into independently of the other or others, or
(ii)if entered into independently of the other or others, would not have taken the same form or been on the same terms.
(2)For the purposes of this Chapter, a scheme achieves a UK tax advantage for a person if in consequence of the scheme the person is in a position to obtain, or has obtained—
(a)a relief or increased relief from income tax or corporation tax,
(b)a repayment or increased repayment of income tax or corporation tax, or
(c)the avoidance or reduction of a charge to income tax or corporation tax.
(3)In subsection (2)(a) the reference to relief includes a reference to a tax credit.
(4)For the purposes of subsection (2)(c) avoidance or reduction may in particular be effected by—
(a)receipts accruing in such a way that the recipient does not pay or bear tax on them, or
(b)a deduction in computing profits or gains.