INTM602420 - Transfer of assets abroad: Other general provisions: No duplication of charges - income taken into account in charging tax

For the purposes of INTM602380 and INTM602400 the references in ITA07/S743 to an amount of income taken into account in charging income tax are -

• where the income charge applies, the amount of income charged under the income charge; the exception to this is where INTM600980 applies to limit the amount of the income charge; the amount charged is limited for this purpose also to that amount.
• where the benefits charge applies, the amount of relevant income taken into account for the purpose of that charge (see INTM601740) in calculating the amount to be charged in respect of the benefit for the tax year in question.