Corporation Tax Act 2010 (c. 4)

Part 18 U.K. Transactions in land

Introduction U.K.

816 Meaning of disposing of land U.K.

(1) For the purposes of this Part land is disposed of if the property in the land or control over the land is effectively disposed of—

(a) by one or more transactions, or

(b) by any arrangement or scheme.

(2) It does not matter for the purposes of subsection (1) if the transactions, arrangement or scheme concern—

(a) the land, or

(b) property deriving its value from the land (see section 833(2)).

(3) See also—

• section 823 (transactions, arrangements, sales and realisations relevant for this Part), and

• section 824 (tracing value).