There are currently no known outstanding effects for the Finance (No. 2) Act 2023, Section 43.
(1)In section 248A of TCGA 1992 (roll-over relief on disposal of joint interests in land: conditions), at end insert—
“(8)Section 248B applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section and section 248B).”
(2)In section 248E of TCGA 1992 (relief on disposal of joint interests in private residence), at end insert—
“(9)This section applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section).”
(3)The amendments made by this section have effect in relation to disposals made on or after 6 April 2023.
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