306Schemes involving manipulation of rules in Chapter 2
This section has no associated Explanatory Notes
(1)A period of account of the worldwide group that, apart from this section, is not within section 261(1) is treated as within that provision if conditions A, B and C are met.
(2)Condition A is that—
(a)at any time before the end of the period, a scheme is entered into, and
(b)if the scheme had not been entered into, the period would have been within section 261(1).
(3)Condition B is that the main purpose, or one of the main purposes, of any party to the scheme on entering into the scheme is to secure that the period is not within section 261(1).
(4)Condition C is that the scheme is not an excluded scheme.