Domicil
The question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the interaction between the Temporary Repatriation Facility (TRF) and the Transfer of Assets Abroad rules, and whether that could affect the revenue the OBR forecast from the TRF.
Answered by Dan Tomlinson
Interactions between the Temporary Repatriation Facility and the Transfer of Assets Abroad legislation were taken into consideration throughout policy development of the Temporary Repatriation Facility and the drafting of the legislation. The Government amended the Finance Bill to include an amendment to the Transfer of Assets Abroad legislation, ensuring that the interactions work as intended.
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