Corporation Tax Act 2010 section 848

Land outside the UK

Section 848 explains how references to interests in land and their disposal should be interpreted when the land in question is located outside the United Kingdom.

• This section applies to land situated outside the United Kingdom.
• References in this chapter to interests in land should be read as referring to the corresponding interests that exist under the relevant foreign legal system.
• References to dispositions of interests in land should similarly be read as referring to the equivalent dispositions recognised under foreign law.
• The purpose is to ensure the rules in this chapter can operate effectively regardless of whether the land is in the UK or overseas.