[687 Income tax advantage]
Income Tax Act 2007 (2007 c 3) | Legislation

[687  Income tax advantage]

[(1)     For the purposes of this Chapter [a person] obtains an income tax advantage if—

(a)     the amount of any income tax which would be payable by the person in respect of the relevant consideration if it constituted a . . . distribution exceeds the amount of any capital gains tax payable in respect of it, or

(b)     income

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