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Legislation
Income Tax Act 2007

Crossheading Transitional provision about protected foreign-source income and transitionally protected income

  • Section 735AA Settlements to which following sections apply
  • Section 735AB “Protected foreign-source income” and “transitionally protected income”
  • Section 735AC Transitionally protected income not to be taxed on remittance
  • Section 735AD Settlor liable for benefits charge despite being transferor
  • Section 735AE Settlor liable in place of close family member
  • Section 735AF Onward gifts from non-residents or qualifying new residents
  • Section 735AG Deduction allowed for previous settlements charge
  • Section 735B Historical liability under section 733A where remittance basis applied
  • Section 735C Historical operation of section 733C or 733E where remittance basis applied
  1. Transitional provision about protected foreign-source income and transitionally protected income
  2. Transitionally protected income not to be taxed on remittance

Section 735AC | Transitionally protected income not to be taxed on remittance

From legislation.gov.uk

Section 832 of ITTOIA 2005 (relevant foreign income charged on remittance basis) does not apply to transitionally protected income.

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