# Finance Act 2025, Paragraph 29

Extent: E+W+S+N.I.

In section 721 (individuals with power to enjoy income as a result of relevant transactions), for subsections (3B) and (3BA) substitute—
“(3B) The amount of the income treated as arising under subsection (1) is equal to the amount of the income of the person abroad (subject to sections 724 and 725).”

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/12/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-12/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.