Commentary

E1.1122 Transfer of assets abroad—onward gifts rules: introduction

Personal and employment tax

E1.1122 Transfer of assets abroad—onward gifts rules: introduction

Transfer of assets abroad—onward gifts

E1.1122 Transfer of assets abroad—onward gifts rules: introduction

Before 2018/19, it could have been possible to avoid the benefits charge at E1.1117 by routing benefits to individuals outside the scope of the charge (due to their residence or domicile status) who would then gift them onwards. Finance Act 2018 introduced provisions (the 'onward gifts rules') designed to prevent this1. They have effect in relation to onward gifts made on or after 6 April 2018, even if the benefit in question was received before that date2. The avoidance relied in part on the concept of

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