Commentary

E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

Personal and employment tax

E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

E1.1120 Charge under ITA 2007, s 731 on transfer of assets abroad—reduction for other tax charges

Where benefits provided as in E1.1117 are received in a tax year and, in that year or subsequently, chargeable gains under specified provisions of TCGA 19921 are treated as accruing to a person by reference to the whole or part of any benefits so provided, the total untaxed benefits in step (2) of E1.1118 is reduced by the amount of those gains2. The reduction is made for any tax year after the one in which the chargeable gains are treated as accruing. Its purpose

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