Corporation Tax Act 2010 section 869

Relevant asset

Section 869 defines what counts as a "relevant asset" for the purposes of the sale of income from property rules in this Chapter.

• A "relevant asset" means any description of property or rights
• Land is specifically excluded from the definition
• Any interest in land is also excluded
• The term "relevant asset" is used instead of the more general word "asset" to make clear that not all assets are covered