Commentary

BB/9B/02 Land and property—new and revised notices and policy clarification

Part V16 Forms and other HMRC material

BB/9B/02 Land and property—new and revised notices and policy clarification

BB/9B/02 Land and property—new and revised notices and policy clarification

Business Brief, Issue 9. 28 March 2002

This business brief article highlights the issue of a new Notice 742A “Opting to tax land and buildings” and revised versions of Notices 742 “Land and property” and 709/3 “Hotels and holiday accommodation” [Part V8].

New Notice 742A “Opting to tax land and buildings”

This new Notice provides additional information and clarifies our policy relating to the scope of an option to tax, input tax, transfers of going concerns and anti-avoidance measures. This follows the review of option to tax policy announced in Business Brief 16/99

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