Finance Act 2016 inserted a new CTA 2010, Part 8ZB (Transactions in UK land), which replaces the provisions in CTA 2010, Part 18 (Transactions in land) (¶712-150).

(FA 2016, s. 79(1) and (4))

Corresponding provisions for income tax purposes are enacted in ITA 2007, Part 9A (Transactions in UK land) (¶304-300) which replace the provisions in ITA 2007, Part 13, Ch. 3.

Note that non-resident companies are expressly brought within the charge to corporation tax in respect of profits of activities falling within Part 8ZB (and taken outside the Part 9A income tax provisions) regardless of the existence of a UK permanent establishment of the non-resident company (¶700-700).

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