Paragraph 1 F1

This Schedule makes provision, for the purposes of section 1A(3)(c) or 2B(4)(b) F2or paragraph 6 of Schedule D1, for determining in the case of any disposal of any asset—

(a)

whether the asset derives at least 75% of its value from UK land (see Part 2 of this Schedule), and

(b)

whether the person making the disposal has a substantial indirect interest in the UK land (see Part 3 of this Schedule).

Annotations

Textual amendments

F1: Sch. 1A inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 14
F2: Words in Sch. 1A para. 1 inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), s. 39(8)(11)