Part 1Income tax, corporation tax and capital gains tax

Chargeable gains

43Relief on disposal of joint interests in land

1

In section 248A of TCGA 1992 (roll-over relief on disposal of joint interests in land: conditions), at end insert—

8

Section 248B applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section and section 248B).

2

In section 248E of TCGA 1992 (relief on disposal of joint interests in private residence), at end insert—

9

This section applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section).

3

The amendments made by this section have effect in relation to disposals made on or after 6 April 2023.