Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 10 U.K. Transfer of assets abroad

PART 2 U.K. New exemption for genuine transactions etc

2 (1) Section 718 (meaning of “person abroad” etc) is amended as follows. U.K.

(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).