Part 13

Tax avoidance
Chapter 4

Sales of occupation income

Further provisions relevant to the charge

Transactions, arrangements, sales and realisations relevant for Chapter
780
1
For the purposes of this Chapter, account is to be taken of any method, however indirect, by which—
a
any property or right is transferred or transmitted, or
b
the value of any property or right is enhanced or diminished.
2
Accordingly—
a
the occasion of the transfer or transmission of any property or right however indirect, and
b
the occasion when the value of any property or right is enhanced,
may be an occasion when tax is charged under this Chapter.
3
Subsections (1) and (2) apply in particular—
a
to sales, contracts and other transactions made otherwise than for full consideration or for more than full consideration,
b
to any method by which any property or right, or the control of any property or right, is transferred or transmitted by assigning—
i
share capital or other rights in a company,
ii
rights in a partnership, or
iii
an interest in settled property,
c
to the creation of an option and the giving of consideration for granting it,
d
to the creation of a requirement for consent and the giving of consideration for granting it,
e
to the creation of an embargo affecting the disposition of any property or right and the giving of consideration for releasing it, and
f
to the disposal of any property or right on the winding up, dissolution or termination of a company, partnership or trust.