RDRM37020 - Remittance Basis: Appendices: Appendix 2 - Residential Property
For the purposes of this transitional provision, residential property is defined at Part 4 of FA03, at section 116. The definitions there include:
- A building that is used or suitable for use as a dwelling, or is in the process of being constructed or adapted for such use. ’Building’ includes part of a building.
- This includes an interest in or right over land that subsists for the benefit of a building
- Examples of buildings used as a dwelling include residential accommodation for:
- School pupils
- Students (although refer to the exclusion below)
- Members of the armed forces
- It also includes an institution that is the sole or main residence of at least 90% of its residents (although refer to the exclusions below
- Buildings used for any of the following purposes are not used as a dwelling
- Buildings providing residential accommodation for children; a hall of residence for students in further or higher education
- Buildings providing residential accommodation with personal care for persons there by reason of old age, disablement, past or present dependence on alcohol or drugs or a mental disorder
- Hospitals or hospices
- Prisons or similar establishment;
- Hotels, inns or similar establishment
Land that is or forms part of the garden or grounds of a building above, (including any building or structure on such land).
This includes an interest in or right over land
Contact
BAI Personal Tax International, Remittance Basis Technical Team Bootle.