Part 13

Tax avoidance
Chapter 4

Sales of occupation income

Introduction

Overview of Chapter
773
1
This Chapter imposes a charge to income tax—
a
on individuals to whom income is treated as arising under section 778 (income arising where capital amount other than derivative property or right obtained), and
b
on individuals to whom income is treated as arising under section 779 (income arising where derivative property or right obtained).
2
Income is treated as arising under those sections only if—
a
transactions are effected or arrangements made to exploit the earning capacity of an individual in an occupation, and
b
the main object or one of the main objects of the transactions or arrangements is the avoidance or reduction of liability to income tax.