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Legislation
Taxation (International and Other Provisions) Act 2010

Crossheading “Indirect participation” in management, control or capital of a person

  • Section 158 Indirect participation: defined by sections 159 to 161
  • Section 159 Indirect participation: potential direct participant
  • Section 160 Indirect participation: one of several major participants
  • Section 161 Indirect participation: involvement in financing arrangements
  • Section 162 Indirect participation: sections 148 , 175 and 219(2): further financing cases
  • Section 162A Agreements for common management
  • Section 162B Arrangements to avoid participation condition
  • Section 163 Meaning of “connected” in sections 159 and 161
  1. “Indirect participation” in management, control or capital of a person
  2. Arrangements to avoid participation condition

Section 162B | Arrangements to avoid participation condition

From legislation.gov.uk

(1)Any arrangements that would result in the participation condition not being met are to be disregarded if the main purpose, or one of the main purposes, of the arrangements is to secure that the participation condition is not met.

(2)In this section “arrangements” includes any agreement, understanding, scheme, transaction or series of transactions, whether or not legally enforceable.

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