Commentary

C2.1101 General principles of computation

Capital gains tax
Capital gains tax | Commentary

C2.1101 General principles of computation

Capital gains tax | Commentary

Division C2.11     Land and interests in land

For updates affecting this Division please see Part C0 Updates

Land and interests in land—generally

C2.1101 General principles of computation

The principles of computation of chargeable gains and allowable losses, as set out in Divisions C2.1–C2.6, apply to assets consisting of land or interests in land as they do to other assets. However, there are additionally a number of provisions relating specifically to land and interests in land, chiefly those concerning reliefs and their application to such assets.

The consideration for the disposal of land or an interest in land is reduced by the amount

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