Part 13Tax avoidance

C1C2Chapter 2Transfer of assets abroad

Annotations:
Modifications etc. (not altering text)
C1

Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)

C2

Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21

Introduction

717Meaning of “assets” etc

In this Chapter—

a

“assets” includes property or rights of any kind, and

b

references to assets representing any assets, income or accumulations of income include references to—

i

shares in or obligations of any company to which the assets, income or accumulations are or have been transferred, or

ii

obligations of any other person to whom the assets, income or accumulations are or have been transferred.