Commentary

B5.244 Clearances for 'artificial' transactions in land

Business tax
Business tax | Commentary

B5.244 Clearances for 'artificial' transactions in land

Business tax | Commentary

B5.244 Clearances for '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.

If a person considers that a gain from a disposal or proposed disposal of land might fall within these provisions as arising from:

  1.  

    (a)     a speculative purchase1, or

  2.  

    (b)     a development designed to realise a gain on disposal2,

he may provide HMRC with

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