SCHEDULES
SCHEDULE 10Transfer of assets abroad
PART 2New exemption for genuine transactions etc
2
1
Section 718 (meaning of “person abroad” etc) is amended as follows.
2
For subsection (1) substitute—
1
In this Chapter “person abroad” means—
a
a person who is resident outside the United Kingdom, or
b
an individual who is domiciled outside the United Kingdom.
3
Omit subsection (2)(a).