Corporation Tax Act 2009 section 1218ZCM

Tax avoidance arrangements

Section 1218ZCM denies museums and galleries exhibition tax relief where there are any tax avoidance arrangements connected with the production of an exhibition.

• A company is disqualified from museums and galleries exhibition tax relief if any tax avoidance arrangements relate to the production of the exhibition
• Arrangements are classed as tax avoidance arrangements if their main purpose, or one of their main purposes, is to obtain a tax advantage
• The definition of arrangements is deliberately broad, covering any scheme, agreement or understanding, whether or not it is legally enforceable
• Tax advantage takes its meaning from section 1139 of the Corporation Tax Act 2010