PART XVIITAX AVOIDANCE
CHAPTER IIITRANSFER OF ASSETS ABROAD
741Exemption from sections 739 and 740
Sections 739 and 740 shall not apply if the individual shows in writing or otherwise to the satisfaction of the Board either—
a
that the purpose of avoiding liability to taxation was not the purpose or one of the purposes for which the transfer or associated operations or any of them were effected; or
b
that the transfer and any associated operations were bona fide commercial transactions and were not designed for the purpose of avoiding liability to taxation.
The jurisdiction of the Special Commissioners on any appeal shall include jurisdiction to review any relevant decision taken by the Board in exercise of their functions under this section.