Section 931V | Meaning 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 section 1139 of CTA 2010.