TCGA92 Sch4AA paras 18 to 24

Companies with UK land becoming UK resident after 5 April 2019

Where a company migrates to the UK and becomes resident after 5 April 2019, any previous entitlement to rebasing of the asset for the purposes of computing the gain on a disposal is preserved.

Persons with UK land held on 5 April 2019 ceasing to be UK resident after 5 April 2019

Where a company or a trust ceases to be resident in the UK after 5 April 2019 an exit charge is not triggered in relation to UK land that was held on 5 April 2019. The exit charges would continue to apply in respect of other assets.

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