Sch 2 para 1
(1) This Schedule applies for the purposes of capital gains tax to— (a) any direct or indirect disposal of UK land which meets the non-residence condition (whether or not a gain accrues) and which is made on or after 6 April 2019, and (b) any other direct disposal of UK land on which a residential property gain accrues and which is made on or after 6 April 2020, but this Schedule does not apply to excluded disposals. (2) A disposal is an excluded disposal if— (a) it is a disposal on which, as a result of any of the no gain/no loss provisions, neither a gain nor a loss accrues, (b) it is the grant of a lease for no premium to a person not connected with the grantor under a bargain made at arm's length, (c) it is a disposal made by a charity, or (d) it is a disposal of any pension scheme investments. (3) The Treasury may by regulations amend sub-paragraph (2). (4) See also paragraph 9 for a case where a disposal which would have been within sub-paragraph (1)(b) if a gain had accrued is treated, for certain purposes, as if it were a disposal to which this Schedule applies.