Paragraph 6 F1

(1)

This Part of this Schedule applies to any direct disposal of UK land if—

(a)

the person held the interest in UK land being disposed of throughout the period beginning with 6 April 2015 and ending with the disposal, and

(b)

the disposal was fully residential before 6 April 2019.

(2)

For this purpose a direct disposal of UK land made by a person is “fully residential before 6 April 2019” if in the period—

(a)

beginning with 6 April 2015, and

(b)

ending with 5 April 2019,

every day on which the land to which the disposal relates consisted of a dwelling.

(3)

If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time in that period, did not consist of a building to be constructed or adapted for use as a dwelling, the disposal is taken to be not fully residential before 6 April 2019.

(4)

This Part of this Schedule does not apply to a direct disposal of UK land made by a person who was not chargeable before 6 April 2019, as determined for the purposes of paragraph 2.

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