Commentary

E1.468 Anti-avoidance—transfer of income streams

Personal and employment tax

E1.468 Anti-avoidance—transfer of income streams

Transfers of income streams

E1.468 Anti-avoidance—transfer of income streams

In relation to the transfer of income streams, there are anti-avoidance rules for income tax purposes which parallel those that apply for corporation tax purposes1. The detail of the provisions is described in Division D9.3. The income tax rules differ in substance only in regard to an extra exception from the avoidance rules in relation to the transfer of a right to annual payments under a life annuity2 or under an annuity which is pension income3.

For the disposals of assets and income streams through

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