Commentary

V7.378 Property transactions—other matters

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.378 Property transactions—other matters

Part V7 Tax planning | Commentary

V7.378 Property transactions—other matters

Other situations to be taken into account are as follows.

  1.  

    •     Option to purchase or lease land – it is quite common for a property developer to make a payment to a landowner for the opportunity to purchase an interest in his land or buildings at a future date for an agreed price. The payment represents the right to an interest in land and the liability of the payment will be the same as the liability of the land or buildings when it is eventually purchased. In most cases, the purchase of the land and buildings will be exempt so the option payment will also be

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