Part 13Tax avoidance
Chapter 2Transfer of assets abroad
Introduction
716Meaning of “relevant transfer” and “transfer”
1
A transfer is a relevant transfer for the purposes of this Chapter if—
a
it is a transfer of assets, and
b
as a result of—
i
the transfer,
ii
one or more associated operations, or
iii
the transfer and one or more associated operations,
income becomes payable to a person abroad.
2
In this Chapter “transfer”, in relation to rights, includes the creation of the rights.
3
For the meaning of “assets”, see section 717.