27U.K.In section 863 (asset becoming chargeable intangible asset), in subsection (1)(b)—
(a)after “held” insert “—
(i)”, and
(b)after “establishment,” insert—
“(ii)for the purposes of a trade carried on by the company of dealing in or developing UK land,
(iii)for the purposes of a UK property business carried on by the company, or
(iv)for the purposes of enabling the company to generate other UK property income (within the meaning given by section 5(6)),”.
Commencement Information
I1Sch. 5 para. 27 in force at 6.4.2020, see Sch. 5 para. 35