E1.1120 Charge Under ITA 2007, S 731 On Transfer Of Assets Abroad—Reduction For Other Tax Charges

Home / Simons-Taxes /Personal and employment tax /Part E1 Income tax /Division E1.11 Transfer of assets abroad /Transfer of assets abroad—charge on individuals receiving a benefit / E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

Commentary

Personal and employment tax

Where benefits provided as in E1.1117 are received in a tax year and, in that year or subsequently, chargeable gains under specified provisions of TCGA 1992¹ are treated as accruing to a person by reference to the whole or part of any benefits so provided, the total untaxed benefits in step (2) of E1.1118 is reduced by the amount of those gains². The reduction is made for any tax year

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E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

Personal and employment tax

B4.130 Summary of OECD guidelines on arm's length principle

B2.218 Surplus business accommodation

I7.504 Designation for the conditional exemption

A4.214 Claims following further assessments—income tax and capital gains tax

C1.106A Annual exempt amount

B5.812A Particular charitable bodies

B5.820 Charity's profits of trade—general liability to income tax

E8.811 National Insurance number—refusal of application

C2.201 Allowable expenditure for capital gains—overview

C2.902 Wasting assets—wasting of allowable expenditure

E4.1118 Calculation and payment of tax due on retrospective income

B2.319 Duality of purpose—apportionment of the expenditure

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

E4.115 Employment income—place of performance of duties

E4.1167 Payments made after leaving and after issue of form P45

B5.101 What is 'farming' and 'market gardening'

B3.306 Meaning of plant and machinery

E7.234 Other types of lifetime benefit lump sum

E3.192 CGT loss relief on disposal of EIS shares

D4.104 Company residence and the case law test

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E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

Personal and employment tax

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