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Section 1C: Non-UK residents: disposing of an "interest in UK land"

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part 1: Capital gains tax and corporation tax on chargeable gains — Chapter 1: Capital gains tax

For the purposes of section 1A(3)(b) an "interest in UK land" means—

an estate, interest, right or power in or over land in the United Kingdom, or
the benefit of an obligation, restriction or condition affecting the value of an estate, interest, right or power in or over land in the United Kingdom,

other than an excluded interest.

The following interests are "excluded interests"—

any interest or right held for securing the payment of money or the performance of any other obligation,
a licence to use or occupy land,
in England and Wales or Northern Ireland, a tenancy at will or an advowson, franchise or manor, and
such other descriptions of interest or right in relation to land in the United Kingdom as may be specified in regulations made by the Treasury.

An interest or right is not within subsection (2)(a) if it is—

a rentcharge, or
in Scotland, a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000.

The grant of an option by a person binding the person to dispose of an interest in UK land is (so far as it would not otherwise be the case) regarded as a disposal of an interest in UK land by the person for the purposes of section 1A(3)(b).

This does not affect the operation of section 144 in relation to the grant of the option (or otherwise).

In this section—

  • "franchise" means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls, and

  • "land" includes—

    (a)buildings and structures, and

    (b)land under the sea or otherwise covered by water.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.