201. Charge on income arising from relevant transfer.

A charge to income tax is imposed1 on:

  1.  

    (1)     individuals2 with power to enjoy income as a result of relevant transactions3;

  2.  

    (2)     individuals receiving capital sums as a result of relevant transactions4; and

  3.  

    (3)     individuals receiving a benefit as a result of relevant transactions5.

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