Value shifting: outline for groups: scope of value shifting charge
TCGA92/S30, TCGA92/S31, TCGA92/S32 & TCGA92/S33
TCGA92/S30 provides for the consideration for a disposal to be increased by a just and reasonable amount where a scheme or arrangements
- materially reduces the value of an asset, and
- gives rise to a tax-free benefit.
General instructions on Section 30 are at CG13260+.
Finance Act 2011 introduced a new Targeted Anti-Avoidance Rule for disposals of shares and securities by companies on or after 19 July 2011. See CG48500+.