Q&As

Under the capital gains rules for non-residents in respect of UK immovable property, the definition of UK land is classed as ‘buildings and structures, and land under the sea or otherwise covered by water’. Are off shore wind farms that are drilled into the sea bed, classed as UK ‘land’ for these purposes?

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Published on LexisPSL on 15/06/2020

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • Under the capital gains rules for non-residents in respect of UK immovable property, the definition of UK land is classed as ‘buildings and structures, and land under the sea or otherwise covered by water’. Are off shore wind farms that are drilled into the sea bed, classed as UK ‘land’ for these purposes?

Under the capital gains rules for non-residents in respect of UK immovable property, the definition of UK land is classed as ‘buildings and structures, and land under the sea or otherwise covered by water’. Are off shore wind farms that are drilled into the sea bed, classed as UK ‘land’ for these purposes?

For capital gains tax purposes the territorial sea of the UK is deemed to be part of the UK.

The breadth of the territorial sea adjacent to

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