# Income Tax Act 2007, Section 716: Meaning of “relevant transfer” and “transfer”


(1) A transfer is a relevant transfer for the purposes of this Chapter if—
(a) it is a transfer of assets, and
(b) as a result of—
(i) the transfer,
(ii) one or more associated operations, or
(iii) the transfer and one or more associated operations,
income becomes payable to a person abroad.
(2) In this Chapter “transfer”, in relation to rights, includes the creation of the rights.
(3) For the meaning of “assets”, see section 717.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/716 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-716
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.