C1F1Part 9ACompany distributions

Annotations:
Amendments (Textual)
F1

Pt. 9A inserted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by Finance Act 2009 (c. 10), Sch. 14 para. 1 (with Sch. 14 para. 32)

Modifications etc. (not altering text)
C1

Pt. 9A modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 787, 795, 1184(1) (with Sch. 2)

Chapter 4Supplementary

Interpretation

931VMeaning of “scheme” and “tax advantage scheme”

“

For the purposes of this Part—

  • “scheme” includes any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;

  • “tax advantage scheme” means a scheme the main purpose, or one of the main purposes, of which is to obtain a tax advantage (other than a negligible tax advantage).

2

In this section “tax advantage” has the meaning given by F2section 1139 of CTA 2010.