Section 267V Transactions to avoid tax
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Amendments
Section 267V inserted by Finance Act 2010 section 39 from 1 January 2010.
This Part shall not apply to any transaction unless that transaction has been undertaken for bona fide commercial reasons and does not form part of any arrangement or scheme of which the main purpose or one of the main purposes is avoidance of liability to income tax, corporation tax, capital gains tax, value-added tax, stamp duty or capital acquisitions tax.
