45 Credit against tax on trade income: anti-avoidance rules
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

45  Credit against tax on trade income: anti-avoidance rules

(1)     If a company (“A”) carrying on a trade giving rise to trade income enters into a scheme or arrangement with another person (“B”) a main purpose of which is to alter the effect of section 44(2) and (3) in relation to A, income received in pursuance of the scheme or arrangement is to be treated for the purposes of section 44(2) and (3) as trade

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