755Charge to tax on gains from transactions in landU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)Income tax is charged on income treated as arising under section 756 (income treated as arising when gains obtained from some land disposals).
(2)For exemptions from the charge, see—
section 765 (exemption: gain attributable to period before intention to develop formed),
section 766 (exemption: disposals of shares in companies holding land as trading stock), and
section 767 (exemption: private residences).