Section GB 6 — Income Tax Act 2007: Arrangements involving qualifying companies

GB 6 Arrangements involving qualifying companies When this section applies (1) This section applies when— (a) a share in a company has been subject to an arrangement at a time; and (b) the arrangement allows the company or another company (the relevant company ) to be a qualifying company at the time; and (c) a purpose of the arrangement is to defeat the intent and application of subpart HA (Qualifying companies (QC) and loss-attributing qualifying companies (LAQC)). Company treated as not qualifying company (2) The relevant company is treated as not being a qualifying company at that time. Defined in this Act: arrangement , company , qualifying company , share , Compare: 2004 No 35 s GC 5