Commentary

B5.239 Person chargeable on 'artificial' transactions in land

Business tax
Business tax | Commentary

B5.239 Person chargeable on 'artificial' transactions in land

Business tax | Commentary

B5.239 Person chargeable on 'artificial' transactions in land

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 B5.255.

The gain must be obtained by:

  1.  

    (a)     the person acquiring, holding or developing the land; or

  2.  

    (b)     a person connected with a person within (a); or

  3.  

    (c)     a person who is a party to, or concerned in, an arrangement or scheme which enables a gain to be realised in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial