Section GB 44 — Income Tax Act 2007: Arrangements involving tax credits for families

GB 44 Arrangements involving tax credits for families When this section applies (1) This section applies if both of the following paragraphs are met: (a) a person (the claimant ) enters into an arrangement with another person: (b) a purpose of the arrangement is that subparts MA to MF and MZ (which relate to tax credits for families) has a more favourable effect for the claimant than would otherwise have occurred. Credit reduced (2) The claimant’s tax credit under subparts MA to MF and MZ is reduced to the amount that the Commissioner considers would have arisen had the arrangement not occurred. Defined in this Act: arrangement , Commissioner , Compare: 2004 No 35 s GC 28 Section GB 44 heading: amended, on 1 April 2008, by section 408(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).