Commentary

C2.1148 Direct disposals of pre April 2015 assets fully chargeable before 6 April 2019

Capital gains tax
Capital gains tax | Commentary

C2.1148 Direct disposals of pre April 2015 assets fully chargeable before 6 April 2019

Capital gains tax | Commentary

C2.1148 Direct disposals of pre April 2015 assets fully chargeable before 6 April 2019

Broadly, this category applies to direct disposals of residential property that were within the scope of the FA 2015 NRCGT regime and essentially preserves the position that would have applied under those rules.

Direct disposals of interests in UK land are chargeable to tax under this category where1:

  1.  

    •     the non-resident company held the interest throughout the period from 6 April 2015 to the date of disposal, and

  2.  

    •     the UK land was fully residential because it consisted of or included a dwelling (see ' Meaning of dwelling' discussed at C2.1146) throughout the period from

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