{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-735AA",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-735AA.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/735AA",
  "kind": "section",
  "number": "735AA",
  "heading": "Settlements to which following sections apply",
  "text": "(1) Sections 735AB to 735C apply if—\n(a) a relevant transfer occurred before 6 April 2025,\n(b) the person abroad was—\n(i) the trustees of a settlement, or\n(ii) a company in which the trustees of a settlement were participators or indirect participators, and\n(c) protected foreign-source income or transitionally protected income arose in relation to the transfer.\n(2) In sections 735AB to 735C—\n“the relevant transfer” means the transfer referred to in subsection (1)(a);\n“the settlement” means the settlement referred to in subsection (1)(b)(i) or (ii) (as the case may be);\n“the settlor” means the settlor of that settlement.\n(3) For the purposes of subsection (1)(b)(ii), the trustees of a settlement are “indirect participators” in a company if they are participators in the first in a chain of two or more companies where the last company in the chain is the person abroad and where each company in the chain (except the last) is a participator in the next company in the chain.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/735AA",
    "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."
}