General anti-avoidance rule.

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....bsp;      (a) disregarding, combining or recharacterising any step in, or a part or whole of, the impermissible avoidance arrangement;           (b) treating the impermissible avoidance arrangement—             (i) as if it had not been entered into or carried out; o....

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....ature; or             (ii) any expenditure, deduction, relief or rebate; or          (f) recharacterising—             (i) any equity into debt or vice versa;             (ii) ....