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SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

IHTA 1984

95In Schedule A1 (non-excluded overseas property), in paragraph 8(3)—

(a)in the definition of “interest in UK land”, for the words from “the meaning” to the end substitute “the same meaning as it has for the purposes of section 1A(3)(b) of the 1992 Act (see section 1C of that Act);”,

(b)in the definition of “dwelling”, for the words from “the meaning” to the end substitute “the same meaning as it has for the purposes of Schedule 1B to the 1992 Act;”, and

(c)in the definition of “contract for an off-plan purchase”, for the words from “has the meaning” to the end substitute “means a contract for the acquisition of land consisting of, or including, a building, or part of a building, that is to be constructed or adapted for use as a dwelling.”