728 Individuals receiving capital sums as a result of relevant transactions
Income Tax Act 2007 (2007 c 3) | Legislation

728  Individuals receiving capital sums as a result of relevant transactions

(1)     Income is treated as arising to such an individual as is referred to in section 727(1) [or 727A(1)] in a tax year for income tax purposes if—

(a)     income has become the income of a person abroad as a result of—

(i)     a relevant transfer,

(ii)     one or more associated operations, or

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

(b)     the capital receipt conditions are met in respect of the individual in the tax year (see section 729)[, and

(c)     the individual is UK resident

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