The charge on individuals receiving a benefit (‘the benefits charge’) applies to income that is treated as arising to an individual who receives a benefit as a result of relevant transactions.

Income is treated as so arising where the following conditions are satisfied:

1there is a relevant transfer (i.e. a transfer of assets whereby as a result of the transfer, one or more associated operations or both, income becomes payable to a person abroad: see ¶129-600);

2an individual receives a benefit in a tax year provided out of assets available by virtue of that transfer or one or more associated operations (see ¶129-620);

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.