[184G Avoidance involving losses: schemes converting income to capital]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[184G  Avoidance involving losses: schemes converting income to capital]

[(1)     This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied.

[(2)     Condition A is that a receipt or other amount arises to a company directly or indirectly in consequence of, or otherwise in connection with, any arrangements.

(3)     Condition B is that—

(a)     that amount falls to be taken into account in calculating a chargeable gain (the “relevant gain”) which accrues to a company (“the relevant company”), and

(b)     losses accrue (or have accrued) to the relevant company (whether before or

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