Part 18Transactions in land

Charge to tax on gains from transactions in land

818Charge to tax on gains from transactions in land

1

The charge to corporation tax on income applies to a gain to which section 819 (gains obtained from land disposals in some circumstances) applies.

2

The charge applies for the accounting period of the company chargeable in which the gain is realised.

3

As to which company that is, see section 821.

4

For exemptions from the charge, see—

  • section 827 (gain attributable to period before intention to develop formed), and

  • section 828 (disposals of shares in companies holding land as trading stock).