MAIN PROVISION

10(1)  Section 721 (individuals with power to enjoy income as a result of a relevant transaction) is amended as follows.

10(2)  [Amends ITA 2007, s. 721(3).]

10(3)  [Inserts ITA 2007, s. 721(3B) and (3C).]

10(4)  [Amends ITA 2007, s. 721(4).]

10(5)  [Omits ITA 2007, s. 721(5)(a).]

11(1)  Section 724 (special rules where benefit provided out of income of person abroad) is amended as follows.

11(2)  [Amends ITA 2007, s. 724(2).]

11(3)  [Amends ITA 2007, s. 724(3).]

12(1)  Section 725 (reduction in amount charged where controlled foreign company involved) is amended as follows.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.