Commentary

B5.246 'Artificial' transactions in land—relationship with capital gains tax

Business tax
Business tax | Commentary

B5.246 'Artificial' transactions in land—relationship with capital gains tax

Business tax | Commentary

B5.246 'Artificial' transactions in land—relationship with capital gains tax

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.

Any amount charged to income tax is excluded from the disposal proceeds in calculating a chargeable gain; this includes amounts charged under these provisions1.

Where the gain has been charged under these provisions because land etc was appropriated as trading stock,

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