Schedule 17 3 (4) of the Finance Bill says:
(4) A payment is to be disregarded ... if there is any connection (direct or in direct) between the payment and a tax avoidance arrangement (other than the arrangement under which the loan was made).
Is pretty broad. Is there any way to repay the loan (in whole or part) and have access to the funds at a later date? I mean is moving abroad tax avoidance?
(4) A payment is to be disregarded ... if there is any connection (direct or in direct) between the payment and a tax avoidance arrangement (other than the arrangement under which the loan was made).
Is pretty broad. Is there any way to repay the loan (in whole or part) and have access to the funds at a later date? I mean is moving abroad tax avoidance?
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