Section 731 | Charge to tax on income treated as arising under section 732

(1)Income tax is charged on income treated as arising to an individual under section 732 (non-transferors receiving a benefit as a result of relevant transactions).^F1

(1A)Repealed^F2

(1B)Repealed^F2

(1C)Repealed^F2

(2)Tax is charged under this section on the amount of income treated as arising for the tax year.

(2A)Repealed^F3

(3)The person liable for any tax charged under this section is the individual to whom the income is treated as arising ...^F4

(4)For exemptions from the charge under this section, see sections 736 to 742 (exemptions where no tax avoidance purpose or genuine commercial transaction , etc).^F5F6