INTM600050 - Transfer of assets abroad
Mandatory referral to the Centre for Non-residents
The Centre for Non- Residents (CNR) Bootle is part of Charity
Assets and Residence and has both technical and operational
responsibility for the legislation contained in ICTA88/S739 to
ICTA/S746.
Technical and operational responsibility means that only CNR
can decide whether there is a valid and worthwhile challenge to be
made under either ICTA88/S739 or ICTA88/S740. Areas will often be
the first to identify cases where the legislation may apply, and as
such you have a vital role to play in fact finding and risk
assessment. However you must not attempt to determine Section 739
or Section 740 liability or discuss its application with agents
etc, without first contacting CNR. In practical terms this means
that CNR must be notified of any cases in which you suspect that
these provisions might apply. See
INTM600060 for a checklist of factors
that may indicate potential Section 739/Section 740 liability.
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
You must submit your papers if you receive a claim under
ICTA88/S741 (exemption from Section 739 and Section 740 - see
INTM600040). You should not enter into
correspondence with the taxpayer or his agent on the application of
Section 741. Any enquiry from a taxpayer or professional advisor
about the scope and effect of the legislation, or its application
to a particular taxpayer, should be referred directly to CNR. You
may also contact CNR for general advice at any time if you feel you
need it. (Contact details are at the bottom of the page.)
Section 739 Group Tel. 0151-472-6228/6250
