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
1
1
This Schedule applies for the purposes of capital gains tax to—
a
any direct or indirect disposal of UK land which meets the non-residence condition (whether or not a gain accrues) and which is made on or after 6 April 2019, and
b
any other direct disposal of UK land on which a residential property gain accrues and which is made on or after 6 April 2020,
but this Schedule does not apply to excluded disposals.
2
A disposal is an excluded disposal if—
a
it is a disposal on which, as a result of any of the no gain/no loss provisions, neither a gain nor a loss accrues,
b
it is the grant of a lease for no premium to a person not connected with the grantor under a bargain made at arm's length,
c
it is a disposal made by a charity, or
d
it is a disposal of any pension scheme investments.
3
The Treasury may by regulations amend sub-paragraph (2).
4
See also paragraph 9 for a case where a disposal which would have been within sub-paragraph (1)(b) if a gain had accrued is treated, for certain purposes, as if it were a disposal to which this Schedule applies.