Part 13Tax avoidance
Chapter 2Transfer of assets abroad
Introduction
716Meaning of “relevant transfer” and “transfer”
(1)
A transfer is a relevant transfer for the purposes of this Chapter if—
(a)
it is a transfer of assets, and
(b)
as a result of—
(i)
the transfer,
(ii)
one or more associated operations, or
(iii)
the transfer and one or more associated operations,
income becomes payable to a person abroad.
(2)
In this Chapter “transfer”, in relation to rights, includes the creation of the rights.
(3)
For the meaning of “assets”, see section 717.