Related Commentary  Related CasesRelated HMRC Manuals

30(1)  This section has effect as respects the disposal of an asset if a scheme has been effected or arrangements have been made (whether before or after the disposal) whereby–

(a)the value of the asset has been materially reduced, and

(b)a tax-free benefit has been or will be conferred–

(i)on the person making the disposal or a person with whom he is connected, or

(ii)subject to subsection (4) below, on any other person.

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