Taxation of Chargeable Gains Act 1992 Schedule 4ZZB paragraph 4

Disposals to which this Part applies

Paragraph 4 of Schedule 4ZZB defines which disposals of UK land by non-residents fall within the scope of this Part of the Schedule.

• This paragraph identifies the specific types of disposal that are subject to the rules in this Part of the Schedule, which deals with the taxation of gains on UK land disposals by non-residents.
• The provision was introduced by the Finance Act 2019 as part of the extended regime for taxing non-UK residents on gains from disposals of UK land and property.
• The paragraph acts as a gateway provision, determining whether a particular disposal meets the criteria to be caught by the rules that follow in this Part of the Schedule.
• Only disposals that satisfy the conditions set out in this paragraph will be subject to the computational and reporting requirements contained elsewhere in this Part of Schedule 4ZZB.