Paragraph 16 F1

(1)

This paragraph applies in any case where—

(a)

a company becomes resident in the United Kingdom after 5 April 2019,

(b)

the company makes a direct or indirect disposal of UK land after that date, and

(c)

(ignoring this paragraph) Part 2, 3 or 4 of this Schedule would have applied to the disposal but for the fact that it is made at a time when the company is resident in the United Kingdom.

(2)

In that case, Part 2, 3 or 4 of this Schedule applies in relation to the disposal (regardless of paragraph 1(1)(b)).

Annotations

Textual amendments

F1: Sch. 4AA inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 17