Taxation of Chargeable Gains Act 1992 section 184D

Sections 184A and 184B: meaning of "tax advantage"

Section 184D defines the term "tax advantage" as used in the anti-avoidance rules in sections 184A and 184B that restrict the buying of losses and gains through tax avoidance schemes.

• A tax advantage includes obtaining relief or increased relief from corporation tax
• It also covers obtaining a repayment or increased repayment of corporation tax
• Avoiding or reducing a charge to corporation tax, or an assessment to corporation tax, is a tax advantage
• Avoiding a possible assessment to corporation tax also falls within the definition