Part 7Disclosure of tax avoidance schemes
I1306Meaning of “notifiable arrangements” and “notifiable proposal”
1
In this Part “notifiable arrangements” means any arrangements which—
a
fall within any description prescribed by the Treasury by regulations,
b
enable, or might be expected to enable, any person to obtain an advantage in relation to any tax that is so prescribed in relation to arrangements of that description, and
c
are such that the main benefit, or one of the main benefits, that might be expected to arise from the arrangements is the obtaining of that advantage.
2
In this Part “notifiable proposal” means a proposal for arrangements which, if entered into, would be notifiable arrangements (whether the proposal relates to a particular person or to any person who may seek to take advantage of it).