SCHEDULES

SCHEDULE 10Transfer of assets abroad

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

Main provision

11

(1)

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

(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”.