SCHEDULES

[F1SCHEDULE 1BU.K.Residential property gains

Textual Amendments

F1Sch. 1B inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 15

Dwelling: basic meaningU.K.

5(1)For the purposes of this Schedule a building is a dwelling at any time when—U.K.

(a)it is used, or suitable for use, as a dwelling, or

(b)it is in the process of being constructed or adapted for use as a dwelling,

and, in each case, it is not an institutional building.

(2)Land that at any time is, or is intended to be, occupied or enjoyed with a dwelling as a garden or grounds (including any building or structure) is taken to be part of the dwelling at that time.

(3)A building is an institutional building if—

(a)it is used as residential accommodation for school pupils,

(b)it is used as residential accommodation for members of the armed forces,

(c)it is used as a home or other institution providing residential accommodation for children,

(d)it is used as a home or other institution providing residential accommodation with personal care for persons in need of personal care because of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder,

(e)it is used as a hospital or hospice,

(f)it is used as a prison or similar establishment,

(g)it is used as a hotel or inn or similar establishment,

(h)it is otherwise used, or suitable for use, as an institution that is the sole or main residence of its residents,

(i)it falls within—

(i)paragraph 4 of Schedule 14 to the Housing Act 2004 (buildings in England or Wales occupied by students and managed or controlled by educational establishment etc), or

(ii)any provision having effect in Scotland or Northern Ireland that is designated by regulations made by the Treasury as provision corresponding to paragraph 4 of that Schedule, or

(j)it qualifies in accordance with the next sub-paragraph as student accommodation.

(4)A building qualifies as student accommodation in accordance with this sub-paragraph at any time if the time falls in a tax year in which—

(a)the accommodation provided by the building includes at least 15 bedrooms,

(b)the accommodation is purpose-built, or is converted, for occupation by students, and

(c)the accommodation is occupied by students on at least 165 days.

(5)Accommodation is to be regarded as occupied by persons as students if they occupy it wholly or mainly for undertaking a course of education (otherwise than as school pupils).]