Draft legislation accessible version
Published 20 July 2022
漏 Crown copyright 2022
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1 Relief on disposal of joint interests in land
(1) In section 248A of TCGA 1992 (roll-over relief on disposal of joint interests in land: conditions), at end insert鈥�
鈥�(8) Section 248B applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section and section 248B).鈥�
(2) In section 248E of TCGA 1992 (relief on disposal of joint interests in private residence), at end insert鈥�
鈥�(9) This section applies in relation to cases where, immediately before the disposal, the land is held by a partnership comprising the landowner and the co-owner or co-owners (whether the partnership is formed in Scotland or elsewhere) as it applies in relation to other cases (and the partners are regarded as the landowner and the co-owner or co-owners for the purposes of this section).鈥�
(3) The amendments made by this section have effect in relation to disposals made on or after budget day 2022.