Anti-avoidance provisions do not catch a transfer of assets which were located abroad and which made at a time when the taxpayer was a non UK resident.
Citations:
Gazette 08-Mar-1995, Ind Summary 13-Feb-1995, Times 06-Jan-1995
Statutes:
Income and Corporation Taxes Act 1988 739-741
Jurisdiction:
England and Wales
Citing:
Appealed to – Inland Revenue Commissioners v Willoughby HL 16-Jul-1997
Rules which disallowed exemption from tax for the transfer of assets abroad in order to avoid income tax do not apply where the taxpayer is not ordinarily resident here. . .
Cited by:
Appeal from – Inland Revenue Commissioners v Willoughby HL 16-Jul-1997
Rules which disallowed exemption from tax for the transfer of assets abroad in order to avoid income tax do not apply where the taxpayer is not ordinarily resident here. . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 09 December 2022; Ref: scu.82365
