[Part 5 Miscellaneous]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Part 5 Miscellaneous]

[Companies with UK land becoming UK resident after 5 April 2019

16

(1)     This paragraph applies in any case where—

(a)     a company becomes resident in the United Kingdom after 5 April 2019,

(b)     the company makes a direct or indirect disposal of UK land after that date, and

(c)     (ignoring this paragraph) Part 2, 3 or 4 of this Schedule would have applied to the disposal but for the fact that it is made at a time when the company is resident in the United Kingdom.

(2)     In that case, Part 2, 3 or 4 of this Schedule applies in relation to the disposal (regardless of paragraph 1(1)(b)).

Persons with UK land ceasing to be UK resident after 5 April 2019

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(1)     This paragraph applies in any case where—

(a)     the trustees of a settlement cease to be resident in the United Kingdom after 5 April 2019,

(b)     after that date the trustees dispose of an asset held by them on that date, and

(c)     the disposal is a direct or indirect disposal of UK land.

(2)     Nothing in Part 2, 3 or 4 of this Schedule applies

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