SCHEDULES

SCHEDULE 10U.K.Transfer of assets abroad

PART 3U.K.Amendments relating to the charges under sections 720 and 727

Main provisionU.K.

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

(2)In subsection (2) after “on” insert “ an amount equal to ”.

(3)In subsection (3)—

(a)for “on” substitute “ by reference to ”, and

(b)after “previous tax year” insert “ under this Chapter ”.