Taxation of Chargeable Gains Act 1992 Schedule 1A paragraph 11

Anti-avoidance rule for Schedule 1A arrangements

Section 11 of Schedule 1A provides an anti-avoidance rule that allows HMRC to counteract tax advantages obtained through arrangements whose main purpose, or one of whose main purposes, is to exploit the provisions of Schedule 1A or to misuse double taxation treaties in a manner contrary to their intended object and purpose.