# Finance Act 2025, Paragraph 38

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

(1) Section 731 (charge to tax on income treated as arising under section 732) is amended as follows.
(2) In subsection (1), for “individuals receiving a benefit” substitute “non-transferors receiving a benefit”.
(3) Omit subsections (1A) to (1C) and (2A).
(4) In subsection (3), omit “, but this is subject to section 733A”.
(5) In subsection (4), for “742A” substitute “742”.

---
Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/12/paragraph/38 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-12/paragraph-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.