Part 13Tax avoidance
Chapter 2Transfer of assets abroad
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.