Part 13Tax avoidance

Chapter 2Transfer of assets abroad

Introduction

717Meaning of “assets” etc

In this Chapter—

(a)

“assets” includes property or rights of any kind, and

(b)

references to assets representing any assets, income or accumulations of income include references to—

(i)

shares in or obligations of any company to which the assets, income or accumulations are or have been transferred, or

(ii)

obligations of any other person to whom the assets, income or accumulations are or have been transferred.