Guidance
GAAR Advisory Panel opinion of 17 November 2017: extraction of cash or equivalent through trust interests
Use the General Anti-Abuse Rule Advisory Panel opinion on distributions and benefits through trust interests to help you recognise abusive tax arrangements.
Documents
Details
Use these opinions together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.
The opinions cover:
- distributions
- participator loans
- participator benefits
- extraction of cash (or equivalent) from close company through use of trusts and trust interests
They affect Income Tax and amounts chargeable as Corporation Tax.
The GAAR Advisory Panel바카라 사이트™s opinion is:
- entering into the tax arrangements isn바카라 사이트™t a reasonable course of action in relation to the relevant tax provisions
- carrying out of the tax arrangements isn바카라 사이트™t a reasonable course of action in relation to the relevant tax provisions
Updates to this page
Published 11 December 2017