Policy paper
Amendments to the transfer of assets abroad provisions
This tax information and impact note is about changes to the transfer of assets abroad provisions where a company is used to transfer assets abroad to avoid a liability to tax.
Documents
Details
This measure amends the transfer of assets abroad provisions by applying a charge to tax where relevant transfers are carried out by a closely-held company. This is done to avoid a liability to tax, of which an individual has a qualifying interest in.
Published 6 March 2024