[461 Counteracting effect of avoidance arrangements]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Chapter 10
Anti-Avoidance]

[461  Counteracting effect of avoidance arrangements]

[(1)     Any tax advantage that would (in the absence of this section) arise from relevant avoidance arrangements is to be counteracted by the making of such adjustments as are just and reasonable.

(2)     Any adjustments required to be made under this section (whether or not by an officer of Revenue and Customs) may be made by way of an assessment, the modification of an assessment, amendment or disallowance of a claim or otherwise.

(3)     For the purposes of this section arrangements are “relevant avoidance arrangements” if conditions A and

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