Commentary

B5.219 Relationship with 'artificial' transactions in land

Business tax
Business tax | Commentary

B5.219 Relationship with 'artificial' transactions in land

Business tax | Commentary

B5.219 Relationship with 'artificial' transactions in land

There is a charge to tax1 on a gain of a capital nature from 'artificial' transactions in land; this charge can only arise where the transactions fall short of trading in land, because 'capital' in this context refers to an amount which is not otherwise taxable as income2.

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