F1Part 6Tax arbitrage
Introduction
231Overview
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Deduction notices
232Deduction notices
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233The deduction scheme conditions
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234Schemes achieving UK tax advantage for a company
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235Further provisions about deduction notices
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Deduction schemes
236Schemes involving hybrid entities
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237Instruments of alterable character
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238Shares subject to conversion
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239Securities subject to conversion
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240Debt instruments treated as equity
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241Scheme including issue of shares not conferring qualifying beneficial entitlement
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242Scheme including transfer of rights under a security
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Consequences of deduction notices
243Consequences of deduction notices
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244The rule against double deduction
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245Application of the rule against deduction for untaxable payments
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246Cases where payee's non-liability treated as not a result of scheme
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247Cases where payee treated as having reduced liability as a result of scheme
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248The rule against deduction for untaxable payments
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Receipt notices
249Receipt notices
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250The receipt scheme conditions
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251Amounts within corporation tax
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252Further provisions about receipt notices
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253Exception for dealers
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254Rule for calculation or recalculation of income etc following receipt notice
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General provisions about deduction notices and receipt notices
255Notices given before tax return made
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256Notices given after tax return made
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257Amendments, closure notices and discovery assessments where section 256 applies
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Interpretation
258Schemes and series of transactions
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259Minor definitions
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Pt. 6 omitted (with effect in relation to accounting periods beginning on or after 1.1.2017 in accordance with Sch. 10 para. 22 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 10 para. 15; and ss. 257, 257 so far as continuing to have effect are amended (with effect in accordance with Sch. 15 para. 44 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 15 paras. 41, 42