SCHEDULES

SCHEDULE 7Disposals of UK residential property interests by non-residents etc

PART 1Amendments of TCGA 1992

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In section 288 (interpretation), in subsection (1), at the appropriate places insert—

  • “disposal of a UK residential property interest” has the meaning given by Schedule B1;”

  • “non-resident CGT disposal” has the meaning given by section 14B;

  • “NRCGT gain” is to be interpreted in accordance with section 57B and Schedule 4ZZB;

  • “NRCGT group” is to be interpreted in accordance with section 188B (read with sections 188F and 188G);

  • “NRCGT loss” is to be interpreted in accordance with section 57B and Schedule 4ZZB;

  • “NRCGT return” has the meaning given by section 12ZB(2) of the Management Act;