931M(1) This section applies to a dividend or other distribution that does not fall into an exempt class by virtue of section 931E but would, apart from this section, fall into an exempt class otherwise than by virtue of that section.
931M(2) The distribution does not fall into an exempt class if–
(a)the distribution is made as part of a tax advantage scheme, and
(b)conditions A to C are met.
931M(3) Condition A is that the distribution constitutes part of a return in relation to an amount that is produced by the scheme for a relevant person, or two or more relevant persons taken together.