Part 2 New Exemption for Genuine Transactions etc
Finance Act 2013 (2013 c 29) | Legislation

Part 2 New Exemption for Genuine Transactions etc

2

(1)     Section 718 (meaning of “person abroad†etc) is amended as follows.

(2)     For subsection (1) substitute—

“(1)     In this Chapter “person abroad†means—

(a)     a person who is resident outside the United Kingdom, or

(b)     an individual who is domiciled outside the United Kingdom.â€

(3)     Omit subsection (2)(a).

3

In section 720 (charge to tax on income treated as arising under section 721) in subsection (7)—

(a)     for “742†substitute “742Aâ€, and

(b)     after “transaction†insert “, etcâ€.

4

In section 727 (charge to tax on income treated as arising under section 728) in subsection (5)—

(a)     for “742†substitute “742Aâ€, and

(b)     after “transaction†insert “, etcâ€.

5

In section 731 (charge to tax on income treated as arising under section 732) in subsection (4)—

(a)     for “742†substitute “742Aâ€, and

(b)     after “transaction†insert “, etcâ€.

6

(1)     Section 736 (exemptions: introduction) is amended as follows.

(2)     In subsection (1) for “742†substitute “742Aâ€.

(3)     After subsection (2) insert—

“(2A)     The exemption given by section 742A applies only in the case of a relevant transaction effected on or after 6 April 2012.â€

7

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice

LEXISNEXIS

Collective investment schemes—essentials

Collective investment schemes—essentialsThis Practice Note examines the definition of a collective investment scheme (CIS) and available exemptions, and the treatment of regulated and unregulated CIS.Definition of a collective investment schemeThe definition of a CIS is contained in section 235 of

LEXISNEXIS

No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]

No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note has been produced in partnership with Guy Pendell, Liz Williams and Kushal Gandhi of CMS.This Practice Note covers the situation where the UK

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain