Explanatory Notes

Taxation (International and Other Provisions) Act 2010

2010 CHAPTER 8

18 March 2010

Commentary on Sections

Part 6: Tax arbitrage

Section 233: The deduction scheme conditions

467.This section specifies the “deduction scheme conditions”. It is based on section 24(3) to (6) of, and paragraph 1 of Schedule 3 to, F(No 2)A 2005.

468.The source legislation labels these conditions “conditions A to D”. These labels have been retained.