Commentary

B5.214 Land dealer and also investor—industrial and provident society

Business tax
Business tax | Commentary

B5.214 Land dealer and also investor—industrial and provident society

Business tax | Commentary

B5.214 Land dealer and also investor—industrial and provident society

For the statutory provisions relating to offshore property developers and their UK profits arising from a trade which involves either dealing in or developing UK land, see B5.255. The provisions in this article relate to case law and HMRC Guidance.

In Haywards Heath Housing Society Ltd v Hewison1 the society was formed with objects wide enough to cover dealing in land. The society acquired 44 acres of land and developed this land, building houses, flats, a shop, a village hall and a club. During that period the society sold some shops and

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