History

Sch. 43C inserted by FA 2016, s. 158(3), with effect in relation to tax arrangements (within the meaning of Part 5 of FA 2013) entered into on or after 15 September 2016.


VALUE OF THE COUNTERACTED ADVANTAGE: INTRODUCTION

1  Paragraphs 2 to 4 set out how to calculate the “value of the counteracted advantage” for the purposes of section 212A.

VALUE OF THE COUNTERACTED ADVANTAGE: BASIC RULE

Related Commentary  

2(1)  The “value of the counteracted advantage” is the additional amount due or payable in respect of tax as a result of the counteraction mentioned in section 212A(1)(c).

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