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Clause 60

Part of Finance Bill – in a Public Bill Committee at 12:30 pm on 16th June 2009.

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Photo of Greg Hands Greg Hands Shadow Minister (Treasury) 12:30 pm, 16th June 2009

I think I understand what the Minister is saying, but there seem to be two ways of looking at the issue. Option A is that such practice never happens unless it is done through deliberate anti-avoidance, and option B is that, if such practice does happen, the party involved may have innocently carried out the transaction, but such transactions should be forbidden to prevent similar avoidance schemes. The clause seems to conform to option A, which states that such transactions never happen unless they are wilful and deliberate avoidance.