# Income Tax Act 2007, Section 719: Meaning of “associated operation”


(1) In this Chapter “associated operation”, in relation to a transfer of assets, means an operation of any kind effected by any person in relation to—
(a) any of the assets transferred,
(b) any assets directly or indirectly representing any of the assets transferred,
(c) the income arising from any assets within paragraph (a) or (b), or
(d) any assets directly or indirectly representing the accumulations of income arising from any assets within paragraph (a) or (b).
(2) It does not matter whether the operation is effected before, after or at the same time as the transfer.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/719 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-719
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.