SCHEDULE 12 Disposals of Residential Property Interests: Gains and Losses
Finance Act 2016 (2016 c 24) | Legislation

SCHEDULE 12 Disposals of Residential Property Interests: Gains and Losses

Section 83

1

TCGA 1992 is amended in accordance with this Schedule.

2

In section 57A(3) (gains and losses on relevant high value disposals: interaction with other provisions)—

(a)     the words from “Part 4†to the end become paragraph (a), and

(b)     after that paragraph insert “or,

(b)     Part 3 of Schedule 4ZZC applies (other disposals of residential property interests which are or involve relevant high value disposals).â€

3

After section 57B insert—

“Chapter 7
Computation of Gains and Losses: Disposals of Residential Property Interests
57C Gains and losses on disposals of residential property interests

Schedule 4ZZC makes provision about the computation of—

(a)     residential property gains or losses, and

(b)     other gains or losses,

on disposals of residential property interests which are not non-resident CGT disposals.â€

4

In Schedule B1 (disposals of UK residential property interests), in paragraph 1(7) after “Schedule 4ZZB†insert “and paragraphs 6 and 20 of Schedule 4ZZCâ€.

5

After Schedule 4ZZB insert—

“SCHEDULE 4ZZC
Disposals of Residential Property Interests: Gains and Losses
Section 57C
Part 1
Introduction and Interpretation
Introduction
1

(1)

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