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When the Transactions in UK Land rules apply the company or individual's income will be treated as arising from a聽trade of dealing in or developing UK land. Both UK resident and non-UK resident companies and individuals will need to notify chargeability and register to pay tax.

There are no separate filing or payment rules for this legislation. The normal self-assessment regime for income tax and corporation tax will apply.

Non-UK resident companies need to register for UK corporation tax using the guidance at: Register an offshore property developer for Corporation Tax - 188体育

UK resident companies should follow the guidance at: Set up a private limited company: Add Corporation Tax services to your business tax account - 188体育

Individuals (UK resident and non-UK resident) will need to register for self-assessment and notify chargeability to HMRC. Guidance on how to register for self-assessment can be found at:聽/topic/personal-tax/self-assessment