Commentary

E1.1203 Relevant transactions, arrangements etc

Personal and employment tax

E1.1203 Relevant transactions, arrangements etc

E1.1203 Relevant transactions, arrangements etc

Account may be taken of any method, however indirect, by which:

  1.  

    •     any property or right is transferred or transmitted, or

  2.  

    •     the value of any property is enhanced or diminished

Accordingly, any such occasion may be, but will not necessarily be, an occasion when tax becomes chargeable1.

In particular, the sale of income provisions apply to:

  1.  

    •     sales, contracts and other transactions for more or less than full consideration (including, of course, no consideration)2

  2.  

    •     any method by which any property or right, or the control of any property or right, is transferred or transmitted by

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial