GAAR Advisory Panel delivers its first opinion in favour of taxpayer

Published on: 22 July 2022

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Specialist Tax Regulatory Materials

Article summary

In this GAAR panel opinion on a repayment of a participator loan through transactions involving group companies, the panel's opinion is that entering into, and carrying out, the tax arrangements was a reasonable course of action in relation to the relevant tax provisions. This is the first of the GAAR Advisory Panel’s opinions that favours the taxpayer.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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