Part 13Tax avoidance
C1C2Chapter 2Transfer of assets abroad
Annotations:
Modifications etc. (not altering text)
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
719Meaning of “associated operation”
1
In this Chapter “associated operation”, in relation to a transfer of assets, means an operation of any kind effected by any person in relation to—
a
any of the assets transferred,
b
any assets directly or indirectly representing any of the assets transferred,
c
the income arising from any assets within paragraph (a) or (b), or
d
any assets directly or indirectly representing the accumulations of income arising from any assets within paragraph (a) or (b).
2
It does not matter whether the operation is effected before, after or at the same time as the transfer.
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)