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.