Commentary

B5.235 Introduction to 'artificial' transactions in land—rules prior to 2016

Business tax
Business tax | Commentary

B5.235 Introduction to 'artificial' transactions in land—rules prior to 2016

Business tax | Commentary

'Artificial' transactions in land—rules prior to 2016

B5.235 Introduction to 'artificial' transactions in land—rules prior to 2016

The provisions in this article were replaced, broadly for disposals on or after 5 July 2016 and for amounts recognised in accounts on or after 8 March 2017, by the provisions relating to the taxation of profits arising from a trade which involves either dealing in or developing UK land, see B5.216A and therefore is retained for reference only.

If it is established that the disposal of an interest in land is a venture in the nature of trade, the profits are taxable

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