Revenue Note for Guidance

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Revenue Note for Guidance

Chapter 9 – Anti-Avoidance

S508L Prevention of misuse

This section is a general anti-avoidance provision which provides that relief is only available for shares unless the raising of risk aid financing by the company, and the subscription for shares by the individual are subscribed and issued for bona fide commercial purposes and not for reasons of tax avoidance.

Relevant Date: Finance Act 2021