# Income Tax Act 2007, Section 717: Meaning of “assets” etc


In this Chapter—
(a) “assets” includes property or rights of any kind, and
(b) references to assets representing any assets, income or accumulations of income include references to—
(i) shares in or obligations of any company to which the assets, income or accumulations are or have been transferred, or
(ii) obligations of any other person to whom the assets, income or accumulations are or have been transferred.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/717 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-717
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.