Commentary on Sections Overview Overview Section 732: Non-transferors receiving a benefit as a result of relevant transactions
2164.This section sets out the circumstances under which income is treated as arising. It is based on sections 740(1) and (2) and 742(1A) of ICTA.
2165.Subsection (1)(d) also makes it clear that persons who are liable to income tax under section 720 or section 727 are not subject to the charge under section 731. See Change 112 in Annex 1.