Corporation Tax Act 2010 section 356OQ

"Disposal"

Section 356OQ defines what constitutes a "disposal" for the purposes of the transactions in UK land provisions, including partial disposals and disposals achieved through arrangements or multiple transactions.

• A "disposal" covers any case where property is effectively disposed of, whether wholly or in part, through one or more transactions or by any arrangement.
• References to a disposal of land or other property include a part disposal of that property.
• A "part disposal" occurs where, following a disposal, any form of property derived from the original asset remains undisposed of.
• A part disposal includes situations where an interest or right in or over the asset is created by the disposal, as well as where such an interest or right already existed before the disposal took place.