585. Land and chattels.

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