[151D Corporate strips: manipulation of price: associated payment giving rise to loss]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[151D  Corporate strips: manipulation of price: associated payment giving rise to loss]

[(1)     This section applies if—

(a)     as a result of any scheme or arrangement which has an unallowable purpose, the circumstances are, or might have been, as mentioned in paragraph (a), (b) or (c) of section 452G(2) of ITTOIA 2005,

(b)     under the scheme or arrangement, a payment falls to be made otherwise than

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