Commentary

B6.720 ATED—chargeable interests and 'single-dwelling interest' defined

Business tax
Business tax | Commentary

B6.720 ATED—chargeable interests and 'single-dwelling interest' defined

Business tax | Commentary

ATED—Chargeable interests and 'single-dwelling interest'

B6.720 ATED—chargeable interests and 'single-dwelling interest' defined

Chargeable interests for ATED purposes

In the ATED legislation, 'chargeable interest' means1:

  1.  

    (a)     an estate, interest, right or power in or over land in the UK, or

  2.  

    (b)     the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power

When two or more people are jointly entitled to a chargeable interest, it will not be regarded as consisting of separate interests corresponding to their shares (if any) arising from joint entitlement, but will be viewed as a whole2.

Chargeable interest in England and Wales and Northern

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