[Part 2 Indirect Disposals and Direct Disposals not Chargeable before 6 April 2019]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Part 2 Indirect Disposals and Direct Disposals not Chargeable before 6 April 2019]

[Introduction

2

(1)     This Part of this Schedule applies to—

(a)     all indirect disposals of UK land,

(b)     direct disposals of UK land that were not fully residential before 6 April 2019, and

(c)     direct disposals of UK land by persons who were not chargeable before 6 April 2019.

(2)     For the purposes of this paragraph a direct disposal of UK land made by a person was “not fully residential before 6 April 2019†if in the period—

(a)     beginning with the day on which the person acquired the interest in land being disposed of or, if later, 6 April 2015, and

(b)     ending with 5 April 2019,

there was no day on which the land to which the disposal relates consisted of or included 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 before 6 April 2019, consisted of or included a building to be constructed

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