Commentary

B5.215 Effects of cessation of land dealing

Business tax
Business tax | Commentary

B5.215 Effects of cessation of land dealing

Business tax | Commentary

B5.215 Effects of cessation of land dealing

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.

On the permanent discontinuance of a business, the properties retained by a builder may fall to be valued at market value1 (see B2.617). This question arose in Bradshaw v Blunden (No 2)2 in relation to the cessation mentioned in Bradshaw v Blunden3. It was there held in the High Court that the building business

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