BIM60390 - Land transactions: ICTA88/S776: Non-residents

ICTA88/S776 can apply to non-residents, if the land subject to the transaction is situated in the United Kingdom ICTA88/S776 (14).

There are provisions at Section 777(9) that allow the Board to make a direction that payments likely to fall within Section 776, that are to be made to non-residents, should be paid under deduction of tax.

This provision changes the contractual relations between the parties. No attempt to invoke the provision in a working case should be made without prior specific reference to Business Tax (Technical), who will consider such cases on an individual basis and decide whether to seek a direction from the Board.