Section 5B — Corporation Tax Act 2009: Trade of dealing in or developing UK land

Trade of dealing in or developing UK land 5B 1 A non-UK resident company's “trade of dealing in or developing UK land” consists of —

a any activities falling within subsection (2) which it carries on, and b any activities from which profits, gains or losses arise which are treated under Part 8ZB of CTA 2010 as profits or losses of the company's trade of dealing in or developing UK land.

2 The activities within this subsection are—

a dealing in UK land;

b developing UK land for the purpose of disposing of it.

3 In this section “ land ” includes—

a buildings and structures, b any estate, interest or right in or over land, and c land under the sea or otherwise covered by water.

4 In this section— “disposal” is to be interpreted in accordance with section 356OQ of CTA 2010; “ UK land ” means land in the United Kingdom.