Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 10 paragraph 9

Definition of "arrangements"

Schedule 10, paragraph 9 provides a broad definition of the term "arrangements" as used throughout the Schedule dealing with anti-avoidance provisions.

• The term "arrangements" is defined very broadly for the purposes of Schedule 10.
• It covers agreements, understandings, schemes, transactions, or any series of these.
• The definition applies regardless of whether the arrangements are legally enforceable.
• This wide scope is designed to prevent avoidance structures from falling outside the rules on a technicality.