{
  "url": "https://openlegislation.uk/finance-act-2004/section-244AC",
  "json_url": "https://openlegislation.uk/finance-act-2004/section-244AC.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "section/244AC",
  "kind": "section",
  "number": "244AC",
  "heading": "Overseas transfer charge: transfers where no exclusion applies",
  "text": "(1) The overseas transfer charge arises where—\n(a) a transfer within subsection (2) is made to a QROPS, and\n(b) the transfer is not excluded from the charge by or under any of sections 244B to 244H.\n(2) A transfer to a QROPS is within this subsection if it is—\n(a) a recognised transfer,\n(b) a relieved relevant non-UK scheme transfer, or\n(c) an onward transfer that is made during the relevant period for the original transfer.\n(3) Sections 244B to 244H are subject to section 244I (circumstances in which exclusions do not apply).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 244A-244N and cross-heading inserted (with effect in accordance with Sch. 4 para. 25 of the amending Act) by Finance Act 2017 (c. 10), Sch. 4 para. 11"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Ss. 244AA-244AC substituted for s. 244A (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 45, 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 17)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 244AA-244AC amendment to earlier transitional provisions 2024 c. 3, Sch. 9 paras. 125-132A"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/section/244AC",
    "retrieved_at": "2026-10-28T17:08:09.921968+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}