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

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.