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Contents

Official guidance
International Manual

INTM601400 · Transfer of assets abroad: The benefits charge

  • INTM601420 · Introduction
  • INTM601440 · Background
  • INTM601460 · General provisions
  • INTM601480 · General conditions
  • INTM601500 · Which charge applies?
  • INTM601520 · Interaction with CGT
  • INTM601540 · Interaction with offshore income gains
  • INTM601560 · Receives a benefit
  • INTM601580 · What is a benefit?
  • INTM601600 · Amount or value of benefit
  • INTM601620 · Examples of amount or value of benefit
  • INTM601640 · Examples of amount or value of loan
  • INTM601645 · Valuation of benefits - payment by way of loan
  • INTM601650 · Valuation of benefits - making movable property available without transfer of ownership
  • INTM601655 · Valuation of benefits - making land available without transfer of ownership
  • INTM601660 · Benefits provided out of assets
  • INTM601680 · Person chargeable
  • INTM601700 · Relevant income
  • INTM601720 · Measure of benefits charge
  • INTM601740 · The six steps
  • INTM601760 · Modification of steps formula
  • INTM601780 · Example
  • INTM601800 · Example where modifications apply
  • INTM601820 · Computation of income before April 2007
  1. Transfer of assets abroad: The benefits charge: contents
  2. Transfer of assets abroad: The benefits charge: Introduction

INTM601420 | Transfer of assets abroad: The benefits charge: Introduction

From HM Revenue & Customs · International Manual

The benefits charge introduces a charge to income tax for individuals who receive a benefit as a result of a transfer of assets made by another person.

Throughout this guide the expression ‘the benefits charge’ is used to describe the charge that flows from ITA07/S731, previously ICTA88/S740.

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