Section 41Z — Income Tax (Earnings and Pensions) Act 2003: Artificial arrangements to be disregarded

Artificial arrangements to be disregarded 41Z 1 Any arrangements falling within subsection (2) are to be disregarded for the purposes of determining the extent to which—

a general earnings are qualifying general earnings;

b third party income is qualifying third party income;

c securities income is qualifying securities income;

2 Arrangements fall within this subsection if the main purpose, or one of the main purposes of the arrangements is to enable an individual to obtain—

a relief under this Chapter to which they would not otherwise be entitled, or b relief under this Chapter of a greater amount than that to which they would otherwise be entitled.

3 In this section “ arrangements ” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).