Commentary on Sections Overview Overview
2275.This Chapter contains an anti-avoidance provision directed against schemes which turn income from an occupation into capital. It is based on sections 775, 777 and 778 of ICTA.
2276.The sections of this Chapter are arranged in the following order:
	Sections 773 to 775 – introduction;
	Sections 776 to 779 – charge on sale of occupation income;
	Sections 780 to 783 – further provisions relevant to the charge;
	Sections 784 and 785 – exemption for sales of going concerns;
	Sections 786 and 787 – recovery of tax;
	Section 788 – power to obtain information;
	Section 789 – interpretation.