Part 13

Tax avoidance
Chapter 2

Transfer of assets abroad

Charge where benefit received

Charge to tax on income treated as arising under section 732
731
1
Income tax is charged on income treated as arising to an individual under section 732 (non-transferors receiving a benefit as a result of relevant transactions).
2
Tax is charged under this section on the amount of income treated as arising for the tax year.
3
The person liable for any tax charged under this section is the individual to whom the income is treated as arising.
4
For exemptions from the charge under this section, see sections 736 to 742 (exemptions where no tax avoidance purpose or genuine commercial transaction).