Modifications etc. (not altering text)
C1Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)
C2Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21
C3Pt. 13 Ch. 2 modified (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 10 paras. 10(9), 11
(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.