# Income Tax Act 2007, Paragraph 133


(1) Section 732 (non-transferors receiving a benefit as a result of relevant transactions) applies whenever the relevant transfer referred to in that section took place.
(2) But the relevant income referred to in section 733(1) (by reference to which the amount of income treated as arising under section 732 is determined) does not include income that arose before 10 March 1981.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/133 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-133
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.