SCHEDULES
SCHEDULE 28ABSection 804ZA: prescribed schemes and arrangements
Effect of claim, election or other arrangement
4
1
This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
a
a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
b
a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
2
The steps mentioned in sub-paragraph (1) are steps that may be made—
a
under the law of any territory, or
b
under arrangements made in relation to any territory.
3
The steps mentioned in sub-paragraph (1) include—
a
claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
b
making elections for tax purposes.