[184H Avoidance involving losses: schemes securing deductions]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[184H  Avoidance involving losses: schemes securing deductions]

[(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)     a chargeable gain (the “relevant gain”) accrues to a company (“the relevant company”) directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and

(b)     losses accrue (or have accrued) to the relevant company . . . (whether before or after or as part of the arrangements).

[(3)     Condition B is that the relevant company, or a company connected with the relevant company, becomes entitled to an income

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