721 Individuals with power to enjoy income as a result of relevant transactions
Income Tax Act 2007 (2007 c 3) | Legislation

721  Individuals with power to enjoy income as a result of relevant transactions

(1)     Income is treated as arising to such an individual as is mentioned in section 720(1) [or 720A(1)] in a tax year for income tax purposes if [conditions A to C] are met.

(2)     Condition A is that the individual has power in the tax year to enjoy income of a person abroad as a result of—

(a)     a relevant transfer,

(b)     one or more associated operations, or

(c)     a relevant transfer and one or more associated operations.

(3)     Condition B is that the income [of the person abroad] would be chargeable

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