Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 10 U.K. Transfer of assets abroad

PART 3 U.K. Amendments relating to the charges under sections 720 and 727

Main provision U.K.

11 (1) Section 724 (special rules where benefit provided out of income of person abroad) is amended as follows. U.K.

(2) In subsection (2) after “on” insert “ an amount equal to ”.

(3) In subsection (3)—

(a) for “on” substitute “ by reference to ”, and

(b) after “previous tax year” insert “ under this Chapter ”.