Commentary

E1.1101 'Transfer of assets abroad'—introduction

Personal and employment tax

E1.1101 'Transfer of assets abroad'—introduction

Division E1.11     Transfer of assets abroad

For updates affecting this Division please see Part E0 Updates

The 'transfer of assets abroad' rules

E1.1101 'Transfer of assets abroad'—introduction

The 'transfer of assets abroad' (TOAA) rules are statutory provisions comprising ITA 2007, Pt 13, Ch 2 (ss 714–751). They are anti-avoidance provisions cast in wide terms and aimed at deterring and preventing UK resident individuals from reducing their income tax liabilities by arranging for income to be received by overseas persons (ie companies, trusts or other entities) whilst still having the power to enjoy the income or to benefit from the assets transferred.

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