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).