Commentary

E1.1107 Charge under ITA 2007, s 720 on transfer of assets abroad—amount of income arising

Personal and employment tax

E1.1107 Charge under ITA 2007, s 720 on transfer of assets abroad—amount of income arising

E1.1107 Charge under ITA 2007, s 720 on transfer of assets abroad—amount of income arising

The charge to income tax under ITA 2007, s 720 at E1.1103 is on the amount of income treated as arising in the tax year, and the person liable for the tax charged is the UK resident individual to whom the income is treated as arising1. For 2016/17 and earlier years, the amount of income treated as arising to that individual is equal to the amount of the income of the person abroad (ie the income that the individual has the power to enjoy by

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