Section 6B | Trade of dealing in or developing UK land ^F1

(1)A non-UK resident person's “trade of dealing in or developing UK land” consists of —^F1

(a)any activities falling within subsection (2) which the person carries on, and^F1

(b)any activities from which profits arise which are treated under Part 9A of ITA 2007 as profits of the person's trade of dealing in or developing UK land.^F1

(2)The activities within this subsection are—^F1

(a)dealing in UK land;^F1

(b)developing UK land for the purpose of disposing of it.^F1

(3)In this section “land” includes—^F1

(a)buildings and structures,^F1

(b)any estate, interest or right in or over land, and^F1

(c)land under the sea or otherwise covered by water.^F1

(4)In this section—^F1

“disposal” is to be interpreted in accordance with section 517R of ITA 2007;

“UK land” means land in the United Kingdom.