Part 13Tax avoidance

Chapter 3Transactions in land

Introduction

753Meaning of disposing of land

1

For the purposes of this Chapter 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 772(2)).

3

See also—

  • section 761 (transactions, arrangements, sales and realisations relevant for this Chapter), and

  • section 762 (tracing value).