Section 1218ZCN | Transactions not entered into for genuine commercial reasons ^F1

(1)A transaction is to be ignored for the purpose of determining museums and galleries exhibition tax relief so far as the transaction is attributable to arrangements (other than tax avoidance arrangements) entered into otherwise than for genuine commercial reasons.

(2)In this section “arrangements” and “tax avoidance arrangements” have the same meaning as in section 1218ZCM.