Schedule 2 paragraph 53 FA 2011

Suppose a relevant third person (P) pays a sum of money to a ‘relevant person’ (see EIM45090), and thus takes a relevant step within Section 554C(1)(a), between 9 December 2010 and 5 April 2011 (inclusive). This transaction is labelled ‘the early step’.

Conditions

Anti-forestalling rules apply if three conditions are met. These conditions are bulleted below.

P takes the early step between 9 December 2010 and 5 April 2011 (inclusive).

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