Point in time view as at 31/12/2020.
Finance Act 2016, Paragraph 65 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
65(1)A warning notice given to a person is to be disregarded for the purposes of—U.K.
(a)paragraph 18 (naming), and
(b)Part 4 of this Schedule (restriction of reliefs),
if the relevant defeat specified in the notice relates to arrangements which the person has entered into before the day on which this Act is passed.
(2)Where a person has entered into any arrangements before the day on which this Act is passed—
(a)a relevant defeat incurred by a person in relation to the arrangements, and
(b)any warning notice specifying such a relevant defeat,
is to be disregarded for the purposes of paragraph 30 (penalty).
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