Commentary

C2.1141 What is an interest in UK land?

Capital gains tax
Capital gains tax | Commentary

C2.1141 What is an interest in UK land?

Capital gains tax | Commentary

C2.1141 What is an interest in UK land?

For the purposes of both direct and indirect property disposals, an 'interest in UK land' means1:

  1.  

    •     an estate, interest, right or power in or over land in the United Kingdom, or

  2.  

    •     the benefit of an obligation, restriction or condition affecting the value of an estate, interest, right or power in or over land in the United Kingdom,

other than an excluded interest.

Land, for these purposes, includes buildings and structures as well as land covered by water2

Excluded interests

The following are excluded from being chargeable interests3:

  1.  

    (a)     any interest or right held

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