Section 27 contains provisions similar to those provided for in the field of income tax and corporation profits by section 39 of the Finance Act, 1973, to counter the tax avoidance device known as " loss buying". Since the section has been in operation no problems have emerged.
SECTION 27.
Question proposed: " That section 27 stand part of the Bill."
This is an anti-avoidance section, in which the Minister delights.
That is right.
Question put and agreed to.