(1)In this Chapter “capital”, in relation to a gain, means that the gain does not fall to be included in any calculation of income for [F1purposes of the Tax Acts otherwise than as a result of [F2Part 18 of CTA 2010 (transactions in land)] or] this Chapter.
(2)In this Chapter references to property deriving its value from land include—
(a)any shareholding in a company deriving its value directly or indirectly from land,
(b)any partnership interest deriving its value directly or indirectly from land,
(c)any interest in settled property deriving its value directly or indirectly from land, and
(d)any option, consent or embargo affecting the disposition of land.
(3)In this Chapter—
“company” includes any body corporate, and
“” includes stock.
Textual Amendments
F1Words in s. 772(1) substituted (retrospective with effect in accordance with art. 1(2) of the amending S.I.) by The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859), art. 4(4)
F2Words in s. 772(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 547 (with Sch. 2)