Income Tax Act 2007
Sections and provisions with full text and the judgments that cite each one.
Section 709 — Effect of appeals against tribunal's determination under section 706
Effect of appeals against tribunal's determination under section 706 709 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 710 — Appeals from High Court or Court of Session
Appeals from High Court or Court of Session 710 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 711 — Proceedings in Northern Ireland
Proceedings in Northern Ireland 711 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 712 — Application of Chapter where individual within section 684 dies
Application of Chapter where individual within section 684 dies 712 1 This section applies if an individual to whom section 684 (person liable to counteraction of income tax advantage) applies (or…
Section 713 — Interpretation of Chapter
Interpretation of Chapter 713 1 In this Chapter— “ associate ” is to be construed in accordance with section 681DL, but as if subsection (4) of that section also included, as persons associated with…
Section 714 — 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…
Section 715 — Meaning of “relevant transaction”
Meaning of “relevant transaction” 715 1 A transaction is a relevant transaction for the purposes of this Chapter if it is— a a relevant transfer, or b an associated operation. 2 For the meaning of…
Section 716 — Meaning of “relevant transfer” and “transfer”
Meaning of “relevant transfer” and “transfer” 716 1 A transfer is a relevant transfer for the purposes of this Chapter if— a it is a transfer of assets, and b as a result of— i the transfer, ii one…
Section 717 — Meaning of “assets” etc
Meaning of “assets” etc 717 In this Chapter— a “ assets ” includes property or rights of any kind, and b references to assets representing any assets, income or accumulations of income include…
Section 718 — Meaning of “person abroad” etc
Meaning of “person abroad” etc 718 1 In this Chapter “ person abroad ” means a person who is resident outside the United Kingdom. 2 For the purposes of this Chapter, the following persons are treated…
Section 719 — Meaning of “associated operation”
Meaning of “associated operation” 719 1 In this Chapter “ associated operation ”, in relation to a transfer of assets, means an operation of any kind effected by any person in relation to— a any of…
Section 719A — Other definitions
Other definitions 719A In this Chapter— “ closely-held company ” means— a close company for the purposes of the Corporation Tax Acts (see Part 10 of CTA 2010), or a company that would be a close…
Section 720 — Charge to tax on income treated as arising under section 721
Charge to tax on income treated as arising under section 721 720 1 The charge under this section applies for the purpose of preventing the avoiding of liability to income tax by individuals who are…
Section 720A — Transfers by closely-held companies
Transfers by closely-held companies 720A 1 The charge under section 720 also applies for the purpose of preventing the avoiding of a liability to taxation by means of a relevant transfer carried out…
Section 721 — Individuals with power to enjoy income as a result of relevant transactions
Individuals with power to enjoy income as a result of relevant transactions 721 1 Income is treated as arising to such an individual as is mentioned in section 720(1) or 720A(1) in a tax year for…
Section 721A — Meaning of “protected foreign-source income” in section 721
Meaning of “protected foreign-source income” in section 721 721A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 721B — Section 721A: tainting
Section 721A: tainting 721B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 722 — When an individual has power to enjoy income of person abroad
When an individual has power to enjoy income of person abroad 722 1 For the purposes of section 721, an individual is treated as having power to enjoy income of a person abroad if any of the…
Section 723 — The enjoyment conditions
The enjoyment conditions 723 1 Condition A is that the income is in fact so dealt with by any person as to be calculated at some time to enure for the benefit of the individual, whether in the form…
Section 724 — Special rules where benefit provided out of income of person abroad
Special rules where benefit provided out of income of person abroad 724 1 This section applies if an individual has power to enjoy income of a person abroad for the purposes of section 721 because of…
Section 725 — Reduction in amount charged where controlled foreign company involved
Reduction in amount charged where controlled foreign company involved 725 1 This section applies if— a under Part 9A of TIOPA 2010 (controlled foreign companies), the CFC charge is charged in…
Section 725A — Recovery of tax paid as a result of section 721
Recovery of tax paid as a result of section 721 725A 1 Where any tax for which an individual is liable as a result of section 721 is paid, the individual is entitled to recover the amount of the tax…
Section 726 — Qualifying new residents and remittance-basis users: “foreign” deemed income
Qualifying new residents and remittance-basis users: “foreign” deemed income 726 1 Subsection (2) applies in relation to income treated under section 721 as arising to an individual (“the deemed…
Section 727 — Charge to tax on income treated as arising under section 728
Charge to tax on income treated as arising under section 728 727 1 The charge under this section applies for the purpose of preventing the avoiding of liability to income tax by individuals who are…
Section 727A — Transfers by closely-held companies
Transfers by closely-held companies 727A 1 The charge under section 727 also applies for the purpose of preventing the avoiding of a liability to taxation by means of a relevant transfer carried out…
Section 728 — Individuals receiving capital sums as a result of relevant transactions
Individuals receiving capital sums as a result of relevant transactions 728 1 Income is treated as arising to such an individual as is referred to in section 727(1) or 727A(1) in a tax year for…
Section 729 — The capital receipt conditions
The capital receipt conditions 729 1 For the purposes of section 728(1), the capital receipt conditions are met in respect of the individual in a tax year (“ the relevant year ”) if— a either— i in…
Section 729A — Meaning of “protected foreign-source income” in section 728
Meaning of “protected foreign-source income” in section 728 729A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 729B — Recovery of tax paid as a result of section 728
Recovery of tax paid as a result of section 728 729B 1 Where any tax for which an individual is liable as a result of section 728 is paid, the individual is entitled to recover the amount of the tax…
Section 730 — Qualifying new residents and remittance-basis users: “foreign” deemed income
Qualifying new residents and remittance-basis users: “foreign” deemed income 730 1 Subsection (2) applies in relation to income treated under section 728 as arising to an individual (“the deemed…
Section 731 — Charge to tax on income treated as arising under section 732
Charge to tax on income treated as arising under section 732 731 1 Income tax is charged on income treated as arising to an individual under section 732 ( non-transferors receiving a benefit as a…
Section 732 — Non-transferors receiving a benefit as a result of relevant transactions
Non-transferors receiving a benefit as a result of relevant transactions 732 1 This section applies if— a a relevant transfer occurs, b an individual who is UK resident for a tax year receives a…
Section 733 — Income charged under section 731
Income charged under section 731 733 1 To find the amount (if any) of the income treated as arising under section 732(2) for any tax year in respect of benefits provided as mentioned in section…
Section 733A — Settlor liable for section 731 charge on closely-related beneficiary
Settlor liable for section 731 charge on closely-related beneficiary 733A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 733B — Recipients of onward gifts
Recipients of onward gifts 733B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 733C — Cases where income treated as arising to recipient of onward gift
Cases where income treated as arising to recipient of onward gift 733C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 733D — Cases where deemed income attributed to recipient of onward gift
Cases where deemed income attributed to recipient of onward gift 733D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 733E — Cases where settlor liable following onward gift
Cases where settlor liable following onward gift 733E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 734 — Reduction in amount charged: previous capital gains tax charge
Reduction in amount charged: previous capital gains tax charge 734 1 This section applies if— a benefits provided as mentioned in section 732(1)(c) are received in a tax year, b . . . . . . . . . . .…
Section 734A — Reduction in amount charged: previous settlements charge
Reduction in amount charged: previous settlements charge 734A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 735 — Qualifying new residents and remittance-basis users: “foreign” deemed income
Qualifying new residents and remittance-basis users: “foreign” deemed income 735 1 Subsection (2) applies in relation to income treated under section 732 as arising to an individual (“the deemed…
Section 735A — Section 735: relevant income and benefits relating to foreign deemed income
Section 735: relevant income and benefits relating to foreign deemed income 735A 1 For the purposes of section 735— a place the benefits mentioned in Step 1 in the order in which they were received…
Section 735AA — Settlements to which following sections apply
Settlements to which following sections apply 735AA 1 Sections 735AB to 735C apply if— a a relevant transfer occurred before 6 April 2025, b the person abroad was— i the trustees of a settlement, or…
Section 735AB — “Protected foreign-source income” and “transitionally protected income”
“Protected foreign-source income” and “transitionally protected income” 735AB 1 For the purposes of sections 735AA to 735AF— “ protected foreign-source income ”, in relation to the relevant transfer,…
Section 735B — Historical liability under section 733A where remittance basis applied
Historical liability under section 733A where remittance basis applied 735B 1 This section applies in relation to income if— a the income was treated under section 732 as arising to an individual (“…
Section 735AC — Transitionally protected income not to be taxed on remittance
Transitionally protected income not to be taxed on remittance 735AC Section 832 of ITTOIA 2005 (relevant foreign income charged on remittance basis) does not apply to transitionally protected income.
Section 735C — Historical operation of section 733C or 733E where remittance basis applied
Historical operation of section 733C or 733E where remittance basis applied 735C 1 This section applies in relation to income if— a the income was treated as arising to an individual for any of the…
Section 735AD — Settlor liable for benefits charge despite being transferor
Settlor liable for benefits charge despite being transferor 735AD 1 For the purposes of section 732 (benefits charge: deemed income), subsection (1)(d) of that section (benefits charge confined to…
Section 735AE — Settlor liable in place of close family member
Settlor liable in place of close family member 735AE 1 If— a a benefit is provided to an individual in a given tax year out of assets which are available for the purpose as a result of— i the…
Section 735AF — Onward gifts from non-residents or qualifying new residents
Onward gifts from non-residents or qualifying new residents 735AF 1 Subsection (2) applies if— a a benefit (“the original benefit”) is provided to an individual (“the original recipient”) out of…