Commentary

C2.1150 Indirect disposals of UK land by non-residents

Capital gains tax
Capital gains tax | Commentary

C2.1150 Indirect disposals of UK land by non-residents

Capital gains tax | Commentary

Indirect disposals of interests in UK land by non-residents

C2.1150 Indirect disposals of UK land by non-residents

From 6 April 2019, indirect disposals of UK land by non-residents are chargeable to tax where the following two conditions are met1:

  1.  

    •     the disposal is of a right or interest in a company that is 'property rich' (broadly, one where, at the disposal date, at least 75% of the company's gross asset value are from interests in UK land, see C2.1151), and

  2.  

    •     the non-resident person holds a 'substantial indirect interest' in the company either at the time of the disposal

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial