DISPOSALS TO WHICH SCHEDULE APPLIES

Related Commentary  

1(1)  This Schedule applies for the purposes of capital gains tax to–

(a)any direct or indirect disposal of UK land which meets the non-residence condition (whether or not a gain accrues) and which is made on or after 6 April 2019, and

(b)any other direct disposal of UK land on which a residential property gain accrues and which is made on or after 6 April 2020,

but this Schedule does not apply to excluded disposals.

1(2)  A disposal is an excluded disposal if–

(a)it is a disposal on which, as a result of any of the no gain/no loss provisions, neither a gain nor a loss accrues,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.