Part 13Tax avoidance
C1Chapter 2Transfer of assets abroad
Annotations:
Modifications etc. (not altering text)
Exemptions: no tax avoidance purpose or genuine commercial transaction
736Exemptions: introduction
1
Sections 737 to 742 deal with exemptions from liability under this Chapter.
2
Some exemptions apply according to whether the relevant transactions are all pre-5 December 2005 transactions or all post-4 December 2005 transactions or include both (see sections 737, 739 and 740).
3
In this section and sections 737 to 742—
“post-4 December 2005 transaction” means a relevant transaction effected on or after 5 December 2005, and
“pre-5 December 2005 transaction” means a relevant transaction effected before 5 December 2005.
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)