Where an individual ('the chargeable person') occupies any land1 ('the relevant land'), or is in possession of, or has the use of, a chattel2, whether alone or together with other persons, and the disposal condition or the contribution condition is met as respects the land or the chattel in respect of the whole or part of a year of assessment, an amount equal to the chargeable amount is treated as income of that individual chargeable to income tax3.
The disposal condition is that: (1) at any time after 17 March 1986 the chargeable person owned an interest: (a) in the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234