753Meaning of disposing of landU.K.
This section has no associated Explanatory Notes
(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).