SCHEDULES

SCHEDULE 2Returns for disposals of UK land etc

PART 1Returns and payments on account: disposals of UK land etc

Disposals to which Schedule applies

2

(1)

A disposal is a “direct or indirect disposal of UK land which meets the non-residence condition” if it is—

(a)

a disposal on which a gain accrues that falls to be dealt with by section 1A(3) of TCGA 1992 because the asset disposed of is within paragraph (b) or (c) of that subsection,

(b)

a disposal on which a gain accrues that falls to be dealt with by section 1A(1) of that Act in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c), or

(c)

a disposal of an asset on which a gain does not accrue but which, had a gain accrued, would fall to be dealt with as mentioned in either of the preceding paragraphs of this sub-paragraph.

(2)

A disposal is “any other direct disposal of UK land on which a residential property gain accrues” if the disposal is a disposal on which a residential property gain accrues where—

(a)

the land in question is in the United Kingdom, and

(b)

the gain falls to be dealt with by section 1A(1) or (3)(a) of TCGA 1992,

and the disposal does not fall within sub-paragraph (1).

(3)

This paragraph applies for the purposes of this Part of this Schedule.