Section 1D — Taxation of Chargeable Gains Act 1992: Non-UK residents: assets deriving 75% of value from UK land etc

Non-UK residents: assets deriving 75% of value from UK land etc 1D 1 For the purposes of section 1A(3)(c) the following questions are determined in accordance with the provision made by Schedule 1A—

a whether the asset being disposed of derives at least 75% of its value from UK land, and b whether the person making the disposal has a substantial indirect interest in the UK land at the time of the disposal.

2 The provision made by Schedule 1A is not to be taken as affecting the meaning of “substantial” in other contexts.