Statute
Section 218A — Finance Act 2008: Further restriction on annual investment allowance
Text of the provision Official document
Further restriction on annual investment allowance 218A 1 This section applies where an arrangement is entered into wholly or mainly for a disqualifying purpose.
2 Arrangements are entered into for a disqualifying purpose if their main purpose, or one of their main purposes, is to enable a person to obtain an annual investment allowance to which the person would not otherwise be entitled.
3 The annual investment allowance mentioned in subsection (2) is not to be made.
4 Any annual investment allowance which is prohibited by subsection (3), but which has already been made, is to be withdrawn.
Official source: legislation.gov.uk
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