In the USA, an abusive tax shelter reduces liability to tax using complex transactions often judged to have no legitimate business purpose beyond tax avoidance. The IRS publishes a list of such transactions, making taxpayers liable for back taxes and interest. Similarly, the UK's GAAR aims to outlaw 'artificial and abusive' tax shelters.
A contract ensuring payment of the agreed consideration at a later date or upon the occurrence of a specified event.
A spreading agreement is a financial arrangement that extends the collateral of a loan to include multiple properties, providing lenders with enhanced security and borrowers with greater flexibility.
