Commentary

A1.158 Land, leases, shares and other assets

Administration and compliance

A1.158 Land, leases, shares and other assets

A1.158 Land, leases, shares and other assets

These definitions do not apply if the context otherwise requires.

'Gilt-edged securities' for capital gains purposes has the meaning given in TCGA 1992, Sch 91.

'Land', in Acts passed on or after 1 January 1979, includes buildings and other structures, land covered with water, and any estate, interest, easement, servitude or right in or over land2. In TCGA 1992, s 288 'land' includes messuages, tenements and hereditaments, houses, and buildings of any tenure.

'Farm land' for income tax and corporation tax purposes means land in the UK wholly or mainly occupied for the purposes of husbandry,

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