At this item show whether, during the year of income, accumulated profits, accumulated losses, paid-up capital or other assets or reserves have been transferred from any of your unlisted country CFCs or CFTs to a related entity in a listed country.
For the purpose of this item, transfer includes sale, acquisition, gift, deed of assignment, declaration of trust or otherwise, with or without consideration (monetary or non-monetary).
Examples of the type of transfers covered include:
- disposing of an asset to a related entity in a listed country, other than trading stock disposed of in the normal course of business
- waiving a debt owed by a related entity in a listed country
- making a loan to a related entity in a listed country
- acquiring a share, a right to acquire a share, or an option to acquire a share in a related entity in a listed country
- making a payment in respect of a call on a share in a related entity in a listed country.
At S, T, U and V write either Y for yes or N for no in respect of each specified kind of transferred asset.