Commentary

B5.241 Tax avoidance motive of 'artificial' transactions in land

Business tax
Business tax | Commentary

B5.241 Tax avoidance motive of 'artificial' transactions in land

Business tax | Commentary

B5.241 Tax avoidance motive of '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 express intention of the legislation1 is to prevent the avoidance of tax by persons concerned with land or the development of land. 'Tax' means income tax or corporation tax2.

By contrast with various other legislation3 dealing with tax avoidance, these

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