SCHEDULES

SCHEDULE 10Transfer of assets abroad

PART 2New exemption for genuine transactions etc

6

1

Section 736 (exemptions: introduction) is amended as follows.

2

In subsection (1) for “742” substitute “ 742A ”.

3

After subsection (2) insert—

2A

The exemption given by section 742A applies only in the case of a relevant transaction effected on or after 6 April 2012.