SCHEDULES
SCHEDULE 10Transfer of assets abroad
PART 3Amendments relating to the charges under sections 720 and 727
Main provision
17
1
Section 744 (meaning of taking income into account in charging income tax for section 743) is amended as follows.
2
In subsection (1) for “743(1) and (2)” substitute “
743
”
.
3
In subsection (2)—
a
in paragraph (a) omit “or value of the benefit”, and
b
in paragraph (b) for “income charged” substitute “
the income mentioned in section 721(2)
”
.
4
In subsection (3) for “that income” substitute “
the income mentioned in section 728(1)(a)
”
.