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Legislation
Income Tax (Trading and Other Income) Act 2005

Chapter 12 Supplementary

  • Section 361 Changes in trustees and personal representatives
  • Section 362 Effect of company starting or ceasing to be within charge to income tax
  • Section 363 Overseas property businesses and overseas land: adaptation of rules
  • Section 364 Meaning of “lease” and “premises”
  1. Chapter 12 · Supplementary
  2. Overseas property businesses and overseas land: adaptation of rules

Section 363 | Overseas property businesses and overseas land: adaptation of rules

From legislation.gov.uk

(1)This section applies if a provision of this Part—

(a)applies to an overseas property business or land outside the United Kingdom, but

(b)is expressed by reference to a domestic concept of law.

(2)In relation to that business or land, the provision is to be read so as to produce the result most closely corresponding with that produced by the provision in relation to a UK property business or land in the United Kingdom.

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