Part 13

Tax avoidance
Chapter 2

Transfer of assets abroad

Introduction

Meaning of “assets” etc
717
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.
Pt. 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
Pt. 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
Pt. 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)