202. Charge where there is power to enjoy income.

The charge where there is power to enjoy income applies for the purpose of preventing the avoiding of liability to income tax by individuals who are UK resident by means of relevant transfers1. Income tax is charged on income treated as arising to such an individual2. Tax is charged on the amount of income treated as arising in the tax year3. The person liable for any tax so charged is the individual to whom the income is treated as arising4.

Income is treated as arising to such an individual as is mentioned above in a tax year for income tax