Commentary

B5.671 Transactions in land—overview

Business tax
Business tax | Commentary

B5.671 Transactions in land—overview

Business tax | Commentary

Transactions in land

B5.671 Transactions in land—overview

The detailed guidance concerning trading transactions involving land is contained in Division B5.21. The problem of distinguishing between capital and revenue transactions is invariably more difficult in relation to land, because, perhaps more so than most other assets, it can constitute either an investment or trading stock. This is an issue that figures prominently in the detailed commentary.

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