Revocable transfer: statutory rule treating transferred income as included in the transferor's total income when re-transfer rights exist. A revocable transfer is characterised by a provision for re-transfer of income or assets to the transferor or a right enabling the transferor to re-assume ... Summary
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Revocable transfer: statutory rule treating transferred income as included in the transferor's total income when re-transfer rights exist.
A revocable transfer is characterised by a provision for re-transfer of income or assets to the transferor or a right enabling the transferor to re-assume power over those income or assets; "transfer" includes settlements, trusts, covenants, agreements or arrangements.
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