Section 714 — Income Tax Act 2007: Overview of Chapter

Overview of Chapter 714 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.