INTM600130 - Transfer of assets abroad: Introduction and background: General anti-abuse rule

The General Anti-Abuse Rule (GAAR) (gov.uk) provides an additional means for HMRC to tackle abusive tax avoidance schemes.

All forms of tax avoidance, including both

• abusive tax avoidance to which GAAR may apply, and
• tax avoidance that does not fall within the meaning of abusive tax avoidance that is the target of the GAAR

will continue to be challenged and counteracted using existing means, including the transfer of assets provisions.

The GAAR applies to abusive tax arrangements entered into on, or after, Royal Assent to Finance Act 2013 on 17 July 2013.