Taxation (International and Other Provisions) Act 2010 section Schedule 8 Part 3

Tax arbitrage

Schedule 8 Part 3 (paragraphs 151–155) removes the original tax arbitrage provisions from the Finance (No. 2) Act 2005, as these rules have been rewritten and relocated into the Taxation (International and Other Provisions) Act 2010.

• The tax arbitrage provisions in sections 24 to 28 of the Finance (No. 2) Act 2005 are repealed.
• The interpretation section (section 30) for the original tax arbitrage chapter is also removed.
• The commencement provision (section 31) for that chapter is likewise repealed.
• Schedule 3 to the Finance (No. 2) Act 2005, which defined qualifying schemes for the purposes of the tax arbitrage rules, is omitted.