Commentary

E1.1132 Transfer of assets abroad—interaction with other income tax provisions

Personal and employment tax

E1.1132 Transfer of assets abroad—interaction with other income tax provisions

E1.1132 Transfer of assets abroad—interaction with other income tax provisions

In addition to the items listed below, see E1.1111 and E1.1115 for a potential reduction in the charge under, respectively, ITA 2007, s 720 (see E1.1103) and ITA 2007, s 727 (see E1.1112) where the person abroad is a controlled foreign company (CFC)1.

FOTRA securities

A person who is not resident in the UK is exempt from tax2 on income arising in the UK from certain UK government securities (FOTRA). Where such income of a non-resident is treated as the income of a UK resident individual under the transfer of assets

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