# Income Tax (Trading and Other Income) Act 2005, Section 265: Overseas property business


A person's overseas property business consists of—
(a) every business which the person carries on for generating income from land outside the United Kingdom, and
(b) every transaction which the person enters into for that purpose otherwise than in the course of such a business.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/265 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-265
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.