Transitional provision about protected foreign-source income and transitionally protected income Transitional provision about protected foreign-source income and transitionally protected incomeF1
- 735AASettlements to which following sections apply
- 735AB“Protected foreign-source income” and “transitionally protected income”
- 735ACTransitionally protected income not to be taxed on remittance
- 735ADSettlor liable for benefits charge despite being transferor
- 735AESettlor liable in place of close family member
- 735AFOnward gifts from non-residents or qualifying new residents
- 735AGDeduction allowed for previous settlements charge
- 735BHistorical liability under section 733A where remittance basis applied
- 735CHistorical operation of section 733C or 733E where remittance basis applied
Annotations
Textual amendments
- F1
Ss. 735AA-735AG and cross-heading inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 44, 70(1) (with Sch. 12 para. 73)
Notes on Chapter 2
Modifications
- C1
Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)
- C2
Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21
- C3
Pt. 13 Ch. 2 modified (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 10 paras. 10(9), 11
- C4
Pt. 13 Ch. 2 modified (retrospective to 6.4.2025 for the tax year 2025-26 and subsequent tax years) by Finance Act 2026 (c. 11), s. 53(1)-(7)(10)