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Taxes Consolidation Act, 1997 (Number 39 of 1997)


267V Transactions to avoid tax.

This Part shall not apply to any transaction unless that transaction has been undertaken for bona fide commercial reasons and does not form part of any arrangement or scheme of which the main purpose or one of the main purposes is avoidance of liability to income tax, corporation tax, capital gains tax, value-added tax, stamp duty or capital acquisitions tax.




Inserted by FA10 s39. Deemed to have come into force and takes effect as on and from 1 January 2010.