Taxation of Chargeable Gains Act 1992 Schedule 4ZZC paragraph 3

Application of Part

Schedule 4ZZC paragraph 3 sets out the scope of the provisions in this Part, determining which disposals and which persons are subject to the rules on non-resident capital gains tax.

• This Part applies to disposals of certain UK property interests made by persons who are not resident in the United Kingdom for tax purposes.
• The provisions define the types of assets and transactions that fall within the charge to non-resident capital gains tax.
• The paragraph establishes the framework for when these rules take effect and to whom they apply.
• These rules were introduced by the Finance Act 2019 as part of an expansion of the UK's taxing rights over gains made by non-residents on UK property.