716Meaning of “relevant transfer” and “transfer”U.K.
This section has no associated Explanatory Notes
(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.