Section 1112I — Corporation Tax Act 2009: Transactions aimed at obtaining credit or relief to be disregarded

Transactions aimed at obtaining credit or relief to be disregarded 1112I 1 To the extent that a transaction is attributable to arrangements entered into for a disqualifying purpose, it is to be disregarded in ascertaining a company’s entitlement to relief under this Part.

2 Arrangements are entered into for a disqualifying purpose if their main purpose, or one of their main purposes, is to enable a company to obtain relief under this Part—

a to which it would not otherwise be entitled, or b of greater amount than that to which it would otherwise be entitled.