SCHEDULES
F3SCHEDULE 9A Anti-avoidance provisions: groups
Annotations:
Amendments (Textual)
Restrictions on giving directions
2
F11
The Commissioners shall not give a direction under this Schedule by reference to a relevant event if they are satisfied that—
a
the change in the treatment of the body corporate, or
b
the transaction in question,
had as its main purpose or, as the case may be, as each of its main purposes a genuine commercial purpose unconnected with the fulfilment of the condition specified in paragraph 1(3) above.
F22
This paragraph shall not apply where the relevant event is the termination of a body corporate’s treatment as a member of a group by a notice under section 43C(1) or (3).
Sch. 9A inserted (29.4.1996) by 1996 c. 8, s. 31, Sch. 4