Commentary

C2.1108 Sale of land with right to reconveyance

Capital gains tax
Capital gains tax | Commentary

C2.1108 Sale of land with right to reconveyance

Capital gains tax | Commentary

C2.1108 Sale of land with right to reconveyance

Where a person sells land or an interest in land with a right to have it reconveyed back to him (or to a person connected with him) at a lower price, he is charged to income tax or corporation tax as a receipt of a property business on a proportion of the price difference1

There is a similar charge where he sells land or an interest in land with a right to have it leased back to him (or a person connected with him); the charge is on the difference between the sale

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