64 Anti-avoidance provisions64.1 Tax advantages from transactions in securitiesMany of the reliefs already dealt with are subject to anti-avoidance provisions. Two anti-avoidance provisions of more general application relate to tax advantages from transactions in securities and value shifting.The provisions on securities transactions deal with the situation where a person or company may derive an income tax or corporation tax advantage from a transaction or transactions involving securities1. Where a transaction falls within one of the prescribed circumstances, HM Revenue and Customs may counteract any such tax advantage2. The potential application of these provisions is extremely wide but, in the
Many of the reliefs already dealt with are subject to anti-avoidance provisions. Two anti-avoidance provisions of more general application relate to tax advantages from transactions in securities and value shifting.
The provisions on securities transactions deal with the situation where a person or company may derive an income tax or corporation tax advantage from a transaction or transactions involving securities1. Where a transaction falls within one of the prescribed circumstances, HM Revenue and Customs may counteract any such tax advantage2. The potential application of these provisions is extremely wide but, in the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234