- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
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.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: