Transfer of assets and attribution of gains rules: draft Finance Bill 2013 legislation revised | Practical Law
The government has substantially revised draft Finance Bill 2013 legislation amending anti-avoidance rules dealing with the transfer of assets abroad (Chapter 2, part 13, Income Tax Act 2007) and the attribution of gains made by non-UK tax resident companies that are closely controlled by UK participators (section 13, Taxation of Chargeable Gains Act 1992). This is a detailed legal update on the revised version published on 11 December 2012.