Commentary

B5.245 'Artificial' transactions in land—information

Business tax
Business tax | Commentary

B5.245 'Artificial' transactions in land—information

Business tax | Commentary

B5.245 'Artificial' transactions in land—information

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.

An HMRC officer may by notice require any person to supply him with such particulars as he may reasonably require for the purpose of these provisions within a specified time which must be at least 30 days1.

Particulars may be required:

  1.  

    (a)     of transactions or

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