[521E Unallowable purpose]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[521E  Unallowable purpose]

[(1)     For the purposes of section 521C, the investing company holds the share for an unallowable purpose if the main purpose, or one of the main purposes for which the company holds the share is to obtain a relevant tax advantage.

(2)     But the investing company may elect that this

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