[F1517Q“Arrangement”U.K.
This section has no associated Explanatory Notes
(1)In this Part “arrangement” (except in the phrase “double taxation arrangements”) includes any agreement, understanding, scheme, transaction or series of transactions, whether or not legally enforceable.
(2)For the purposes of this Part any number of transactions may be regarded as constituting a single arrangement if—
(a)a common purpose can be discerned in them, or
(b)there is other sufficient evidence of a common purpose.]
Textual Amendments
F1Pt. 9A inserted (with effect in relation to disposals on or after 5.7.2016) by Finance Act 2016 (c. 24), s. 79(1), 82(1) (with s. 82(2)-(15)); which insertion also has effect so far as it would not otherwise have effect in accordance with Finance (No. 2) Act 2017 (c. 32), s. 39(1)(2)