Commentary

A7.203 Meaning of 'tax advantage'

Administration and compliance

A7.203 Meaning of 'tax advantage'

A7.203 Meaning of 'tax advantage'

The meaning of 'tax advantage' is widely construed. To be caught, the arrangements must enable, or be expected to enable, an 'advantage' to be obtained in relation to income tax, corporation tax, capital gains tax or annual tax on enveloped dwellings, and such an advantage must be either the main, or one of the main, benefits expected to arise1. The term 'advantage' in relation to a tax means:

  1.  

    •     relief or increased relief from, or repayment or increased repayment of that tax, or, the avoidance or reduction of a charge to that tax or an

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