Part 13Tax avoidance
C1C2Chapter 2Transfer of assets abroad
Annotations:
Modifications etc. (not altering text)
C2
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
General
746Deductions and reliefs where individual charged under section 720 or 727
1
This section applies for the purpose of calculating the liability to income tax of an individual charged under section 720 or 727.
2
The same deductions and reliefs are allowed as would have been allowed if the income treated as arising to the individual under section 721 or 728 had actually been received by the individual.
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)