1019. “Non-cash Asset”

(1) In these Regulations “non-cash asset” means any property or interest in property, other than cash.
For this purpose “cash” includes (without limitation) currency other than United Arab Emirates Dirhams.
(2) A reference to the transfer or acquisition of a non-cash asset includes–
(a) the creation or extinction of an estate or interest in, or a right over, any property, and
(b) the discharge of a liability of any person, other than a liability for a liquidated sum.