Commentary on Sections Overview Overview Section 695: Preliminary notification that section 684 may apply
2072.This section is concerned with preliminary notification that section 684 (person liable to counteraction of income tax advantages) may apply. It is based on section 703(3) and (9) of ICTA.
2073.The section is the first of a group of sections (sections 695 to 700) which lay down the procedure for counteraction of income tax advantages.
2074.As explained in the note on section 692, section 695 similarly replaces a reference to “the Board” with a reference to “an officer of Revenue and Customs” (namely, the officer dealing with the case). See Change 5 in Annex 1.