[261ZA Gifts of [direct or indirect interests in UK land] to non-residents]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[261ZA  Gifts of [direct or indirect interests in UK land] to non-residents]

[(1)     This section applies where the disposal in relation to which a claim could be made under section 260 is a disposal [of an asset within section 1A(3)(b) or (c)] to a transferee who is not resident in the United Kingdom and, ignoring section 260—

(a)     a gain would accrue to the transferor on the disposal, and

[(b)     on the assumption that the disposal is a direct or indirect disposal of UK land which meets the non-residence condition (whether or not that is the case), that gain would be a relevant gain (see subsections (6) and (7))].

(2)     Section 260(3) has effect in relation to the disposal as if it read—

“(3)     Where this subsection applies in relation to a disposal, the amount of any chargeable gain which, apart from this section, would accrue

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