Part 13 U.K. Tax avoidance

Chapter 2 U.K. Transfer of assets abroad

Introduction U.K.

716 Meaning of “relevant transfer” and “transfer” U.K.

(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.