Commentary

317.3 The basics of the charge

Copyright © 2025 LexisNexis
TRUSTS AND SETTLEMENTS vol 40(1) creation, taxation

317.3 The basics of the charge

Copyright © 2025 LexisNexis
| Commentary

The legislation provides for an income tax charge to apply to:

  1. 317.3.1

        land1;

  2. 317.3.2

        chattels2; and

  3. 317.3.3

        intangible property comprised in a settlement where the settlor retains an interest3.

As regards land the conditions for operation of the charge are as follows:

  1. 317.3.4

        an individual must occupy the land (this is ‘the relevant land’); and

  2. 317.3.5

        either the ‘disposal

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisNexis or register for a free trial
EXISTING USER? SIGN IN CONTINUE READING
Powered by Lexis+®