Commentary

B5.243 Consideration received by another person on 'artificial' transactions in land

Business tax
Business tax | Commentary

B5.243 Consideration received by another person on 'artificial' transactions in land

Business tax | Commentary

B5.243 Consideration received by another person 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.

A person (A) may be assessed under these provisions in respect of consideration receivable by another person (B) (see B5.239). Consideration is not regarded as receivable by B until he can effectively enjoy or dispose of it1.

In such

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