Commentary

D9.532 Transfer of assets abroad

Corporate tax
Corporate tax | Commentary

D9.532 Transfer of assets abroad

Corporate tax | Commentary

D9.532 Transfer of assets abroad

Where, as a result of transfer of assets abroad, a person ordinarily resident in the United Kingdom has power to enjoy income payable to a person domiciled or resident outside the United Kingdom, the income is charged to tax on the person ordinarily resident in the United Kingdom1.

That rule is extended to include profits from the disposal of a DDS realised by a person domiciled or resident outside the United Kingdom (including non-United Kingdom resident trustees)2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial