Commentary

B5.201 Commercial occupation of land treated as a trade

Business tax
Business tax | Commentary

B5.201 Commercial occupation of land treated as a trade

Business tax | Commentary

Division B5.2     Transactions in land

For updates affecting this Division please see Part B0 Updates

Commercial occupation of land

B5.201 Commercial occupation of land treated as a trade

The general rule is that the occupation of land in the UK managed on a commercial basis and with a view to the realisation of profits is treated as a trade or part of a trade1. This does not apply to woodlands or to land being prepared for forestry purposes2, which since 5 April 1988 is outside the charge to tax3. Land filled with Christmas trees is not considered to be woodlands and

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