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F1: Grant of options

Option over land

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Non-resident liable to UK tax if option relates to an interest in UK land

The option is treated as an interest in land for the purposes of the charges on non-residents.

Legislation: TCGA s.1C

Cases: 

HMRC manuals: 

Commentary: 

See also:

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 © 2023 by Michael Firth, Gray's Inn Tax Chambers

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