PART 1Direct taxes
Chargeable gains: interests in UK land etc
13Disposals by non-UK residents etc
1
Schedule 1 substitutes a new Part 1 of TCGA 1992 which—
a
extends the cases in which gains accruing to persons not resident in the United Kingdom are chargeable to tax, and
b
abolishes the specific charge to tax on ATED-related chargeable gains.
2
Schedule 1 also—
a
repeals other provisions contained in the previous version of Part 1 of TCGA 1992 or in Part 2 of that Act and restates their effect in rewritten form (whether in the new Part 1 or elsewhere),
b
makes provision in relation to collective investment vehicles that (directly or indirectly) hold interests in land in the United Kingdom, and
c
makes provision connected with the matters mentioned in subsection (1) or this subsection.