Part 13Tax avoidance
Chapter 3Transactions in land
Charge on gains from transactions in land
757Person obtaining gain
1
The persons referred to in section 756(1)(d) are—
a
the person acquiring, holding or developing the land,
b
a person connected with a person within paragraph (a), and
c
a person who is a party to, or concerned in, an arrangement or scheme within subsection (2).
2
An arrangement or scheme is within this subsection if—
a
it is effected as respects all or part of the land, and
b
it enables a gain to be realised—
i
by any indirect method, or
ii
by any series of transactions.
3
For the purposes of this section any number of transactions may be regarded as constituting a single arrangement or scheme if—
a
a common purpose can be discerned in them, or
b
there is other sufficient evidence of a common purpose.