BIM60465 - Land transactions: ICTA88/S776: Definitions: Disposal

A disposal takes place not only when the land is sold but also when control over the land is disposed of (ICTA88/S776 (4)(a)).

For example, a disposal of a majority shareholding in a land owning company is a disposal of land for the purposes of ICTA88/S776.

The sale of a minority shareholding in a company is not normally a disposal for ICTA88/S776 purposes unless it can be shown that minority shareholders were acting in concert.