[554C Relevant steps: payment of sum, transfer of asset etc]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554C  Relevant steps: payment of sum, transfer of asset etc]

[(1)     A person (“P”) takes a step within this section if P—

(a)     pays a sum of money to a relevant person,

[(aa)     acquires a right to a payment of a sum of money, or to a transfer of assets, where there is a connection (direct or indirect) between the acquisition of the right and—

(i)     a payment made, by way of a loan or otherwise, to a relevant person, or

(ii)     a transfer of assets to a relevant person,

(ab)     releases or writes off the whole or a part of—

(i)     a loan made to a relevant person, or

(ii)     an acquired right of the kind mentioned in paragraph (aa),]

(b)     transfers an asset to a relevant person,

(c)     takes a step by virtue of which a relevant person acquires an asset within subsection (4),

(d)     makes available a sum of money or asset for use, or makes it available under an arrangement which permits its use—

(i)     as security for a loan made or to be made to a relevant person, or

(ii)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Enforcing a warrant of control

Enforcing a warrant of controlThis Practice Note has been produced by enforcement specialists, The Sheriffs Office. It guides users through the process of enforcing a warrant of control obtained from the County Court as a method of enforcing a money judgment; whereby the judgment creditor takes

LEXISNEXIS

Violent disorder

Violent disorderThe offence of violent disorderViolent disorder can be tried in the magistrates' court or the Crown Court. These offences will normally be dealt with in the Crown Court. However, there may be cases involving minor violence or threats of violence leading to no or minor injury, with

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

Criminal damage

Criminal damageGeneralSimple criminal damage is triable either way unless the value of the alleged damage is £5,000 or less, in which case the offence will be treated as if it were triable only summarily.Where the damage is caused by fire or the racially aggravated form of the offence is charged,