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).