F1PART 3AGENERAL ANTI-AVOIDANCE RULE
Annotations:
Amendments (Textual)
Overview
81AMeaning of ““general anti-avoidance rule”” and overview
1
This Part makes provision for counteracting tax advantages arising from artificial tax avoidance arrangements, including provision—
a
about the meaning of ““tax avoidance arrangement””, ““artificial”” and ““tax advantage”” (sections 81B to 81D);
b
about WRA's power to make adjustments to counteract tax advantages and the steps to be taken by WRA in connection with such adjustments (sections 81E to 81G).
2
The rules in this Part are collectively to be known as “"the general anti-avoidance rule””.
Pt. 3A inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), ss. 66, 81(2)(3); S.I. 2018/34, art. 3