[554Z8 Cases where consideration given for relevant step]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554Z8  Cases where consideration given for relevant step]

[(1)     Subsection (2) applies if—

(a)     the relevant step is a step within section 554C(1)(a) to (c),

(b)     the relevant step is for consideration given by A in the form of the transfer of an asset to P from A,

(c)     the transfer by A of the asset is made before, or at or about, the time the relevant step is taken and is not by way of a loan, and

(d)     there is no connection (direct or indirect) between the transfer by A of the asset and a tax avoidance arrangement.

(2)

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