[809Z9 Taking proceeds etc offshore or investing them]
Income Tax Act 2007 (2007 c 3) | Legislation

[809Z9  Taking proceeds etc offshore or investing them]

[(1)     This section applies to a provision of this Chapter that is satisfied if something (for example, disposal proceeds) is taken offshore or used by a relevant person to make a qualifying investment.

(2)     Things are to be regarded as “taken offshore” if (and only if) they are taken outside the United Kingdom such that, on leaving the United Kingdom, they cease to be available—

(a)     to be used or enjoyed in the United Kingdom by or for the benefit of a relevant person, or

(b)     to be used or enjoyed in any other way that would count as remitting income or gains to the United Kingdom.

(3)     If—

(a)     the thing required to

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