F1Part 1Capital gains tax and corporation tax on chargeable gains

Annotations:
Amendments (Textual)
F1

Pt. 1 substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 2

Chapter 1Capital gains tax

Territorial scope of charge

1DNon-UK residents: assets deriving 75% of value from UK land etc

1

For the purposes of section 1A(3)(c) the following questions are determined in accordance with the provision made by Schedule 1A—

a

whether the asset being disposed of derives at least 75% of its value from UK land, and

b

whether the person making the disposal has a substantial indirect interest in the UK land at the time of the disposal.

2

The provision made by Schedule 1A is not to be taken as affecting the meaning of “substantial” in other contexts.