Guidance: GAAR Advisory Panel opinion of 25 January 2019: Individuals claiming relief for film related losses and split sale of interest in partnerships

Use this opinion together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.

The opinion covers:

previously allowed losses from a film partnership attempt to avoid income tax on future income split sale of partnership interest

It affects Income Tax.

The GAAR Advisory Panel’s opinion is:

entering into the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions carrying out the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions

https://www.gov.uk/government/publications/gaar-advisory-panel-opinion-of-25-january-2019-individuals-claiming-relief-for-film-related-losses-and-split-sale-of-interest-in-partnerships

seen at 11:34, 22 February in Publications on GOV.UK.
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