Commentary

C2.1120 Interaction with betterment levy

Capital gains tax
Capital gains tax | Commentary

C2.1120 Interaction with betterment levy

Capital gains tax | Commentary

Development land

C2.1120 Interaction with betterment levy

In order to prevent a double charge, special provisions gave relief from capital gains tax (or corporation tax on the chargeable gains of companies) where betterment levy, development gains tax or development land tax had been charged on a disposal of land.

Betterment levy

Betterment levy was imposed by the Land Commission Act 1967 and was in operation from 6 April 1967 to 22 July 19701. It was designed as a charge on the realisation of the development value of land.

Capital gains relief is available where betterment levy was charged in respect of

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