Part 13Tax avoidance

Chapter 3Transactions in land

Charge on gains from transactions in land

755Charge to tax on gains from transactions in land

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).