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).