Part 13Tax avoidance
C2C1Chapter 2Transfer of assets abroad
Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21
Introduction
714Overview of Chapter
1
This Chapter imposes a charge to income tax on—
a
individuals to whom income is treated as arising under section 721 (individuals with power to enjoy income as a result of relevant transactions),
b
individuals to whom income is treated as arising under section 728 (individuals receiving capital sums as a result of relevant transactions), and
c
individuals to whom income is treated as arising under section 732 (non-transferors receiving a benefit as a result of relevant transactions).
2
The charges apply only if a relevant transfer occurs, and they operate by reference to income of a person abroad that is connected with the transfer or another relevant transaction.
3
For the meaning of “relevant transaction”, “relevant transfer” and “person abroad”, see sections 715, 716 and 718 respectively.
4
In this Chapter references to individuals include their spouses or civil partners.
Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)