CG73616 - Dwellings subject to ATED: disposals chargeable under TCGA92/S2B
As set out at CG73611, section 2B imposes a charge to capital gains tax on gains that are ATED-related (see CG73625+) and accrue on 鈥榬elevant high value disposals鈥� of residential property in the UK. TCGA92/S2C gives the meaning of 鈥榬elevant high value disposal鈥�. It is a disposal that meets the four conditions A to D鈥�
A. The disposal is a disposal, or part disposal, of a 鈥榗hargeable interest鈥�, see CG73617.
B. The chargeable interest disposed of has been, or been part of, a 鈥榮ingle-dwelling interest鈥� at some time during the 鈥榬elevant ownership period鈥� of the person making the disposal, see CG73618.
C. The person making the disposal, or in certain circumstances another person, has been liable to ATED in respect of the single-dwelling interest, see CG73619
D. The consideration for the disposal exceeds the 鈥榯hreshold amount鈥� for that disposal, see CG73620.