»Ê¹ÚÌåÓýapp

Anti-avoidance provisions were introduced in FA 2006 (called Targeted Anti-Avoidance rules, or "TAARs" for short). »Ê¹ÚÌåÓýappy included a measure to counter the contrived creation of capital losses by companies (known as TAAR1).

»Ê¹ÚÌåÓýapp legislation was announced in the Chancellor's Pre-Budget Report on 5 December 2005 and is effective from that date. See CG40241.

A statement of principles, draft guidance document and draft legislation were published at PBR. »Ê¹ÚÌåÓýapp statement of principles, on which the legislation was based, and final version of the published guidance document can be found at appendix 8.