Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 735AD
Settlor liable for benefits charge despite being transferor
Section 735AD ensures that a settlor who receives a benefit from an offshore structure can be taxed under the benefits charge (section 732), even if they are also the person who originally transferred assets abroad, but only where the underlying income qualifies as protected foreign-source income or transitionally protected income.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.