[244B Exclusion: member and receiving scheme in same country]
Finance Act 2004 (2004 c 12) | Legislation

[244B  Exclusion: member and receiving scheme in same country]

[(1)     A recognised transfer to a QROPS [or a relieved relevant non-UK scheme transfer] is excluded from the overseas transfer charge [under section 244AC] if during the relevant period—

(a)     the member is resident in the country or territory in which the QROPS [to which the transfer is made] is established, and

(b)     there is no onward transfer—

(i)     for which the recognised transfer [or relieved relevant non-UK scheme transfer] is the original transfer, and

(ii)     which is not excluded from the charge.

(2)

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