SCHEDULES
F1SCHEDULE 4ZZBNon-resident CGT disposals: gains and losses
PART 4Cases involving relevant high value disposals
Where relevant high value disposal and “other” disposal are comprised in the disposal of land
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1
This paragraph applies where the disposals comprised in the disposal of land (see paragraph 12(3)) include a disposal (the “non-ATED related disposal”) which is not a relevant high value disposal.
2
This Part of this Schedule (apart from this paragraph) applies in relation to the non-ATED related disposal as if it were a relevant high value disposal.
3
Sub-paragraph (4) applies if there has, at any time in the relevant ownership period, been mixed use of the subject matter of the disposed of interest.
4
The amount of any NRCGT gain or loss on the non-ATED related disposal computed under this Part of this Schedule is taken to be the appropriate fraction of the amount that it would otherwise be.
5
In sub-paragraph (4) “the appropriate fraction” means the fraction that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
6
In this paragraph “the relevant ownership period” means, as applicable—
a
the post-commencement ownership period, as defined in paragraph 13(5),
b
the relevant ownership period, as defined in paragraph 14(5), or
c
the relevant ownership period as defined in paragraph 15(4).
Sch. 4ZZB inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by Finance Act 2015 (c. 11), Sch. 7 para. 39