Part 13

Tax avoidance
Chapter 3

Transactions in land

Introduction

Meaning of disposing of land
753
1
For the purposes of this Chapter land is disposed of if the property in the land or control over the land is effectively disposed of—
a
by one or more transactions, or
b
by any arrangement or scheme.
2
It does not matter for the purposes of subsection (1) if the transactions, arrangement or scheme concern—
a
the land, or
b
property deriving its value from the land (see section 772(2)).
3
See also—
- section 761 (transactions, arrangements, sales and realisations relevant for this Chapter), and
- section 762 (tracing value).