{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-732",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-732.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/732",
  "kind": "section",
  "number": "732",
  "heading": "Non-transferors receiving a benefit as a result of relevant transactions",
  "text": "(1) This section applies if—\n(a) a relevant transfer occurs,\n(b) an individual who is UK resident for a tax year receives a benefit in that tax year,\n(c) the benefit is provided out of assets which are available for the purpose as a result of—\n(i) the transfer, or\n(ii) one or more associated operations,\n(d) the individual is not liable to income tax under section 720 or 727 by reference to the transfer and would not be so liable if the effect of sections 726 and 730 were ignored, and\n(e) the individual is not liable to income tax , under any provision that is none of section 731 of this Act and sections 643A, 643J and 643L of ITTOIA 2005, on the amount or value of the benefit ....\n(2) Income is treated as arising to the individual for income tax purposes for any tax year for which section 733 provides that income arises.\n(3) Also see that section for the amount of income treated as arising for any such tax year.\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 732(1)(b) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 39(3)(a), 70(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 732(1)(d) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 39(3)(b), 70(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 732(1)(e) inserted (with effect according to Sch. 10 para. 21(1) of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 14(a),"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 732(1)(e) omitted (with effect according to Sch. 10 para. 21(1) of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 10 para. 14(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 732(4) omitted (for the tax year 2025-26 and subsequent tax years) by virtue of Finance Act 2025 (c. 8), Sch. 12 paras. 39(4), 70(1)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Word in s. 732 heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 39(2), 70(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/732",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}