½Û×ÓÊÓƵ

The provisions in this article were replaced, broadly for disposals on or after 5 July 2016 and for amounts recognised in accounts on or after 8 March 2017, by the provisions relating to the taxation of profits arising from a trade which involves either dealing in or developing UK land, see B5.233 and therefore is retained for reference only.

Land is disposed of if, by any one or more transactions, or by any arrangement or scheme, whether concerning the land or property deriving its value from the land, the property in the land, or control over it, is effectively disposed of. The acquisition or development of property with a view to realising the gain from disposing of the land, has a corresponding meaning¹.

The application of the code is not prevented merely because the person realising the gain acquired the land for its then full market value².

Account is taken of any method, however indirect, by which property or any right is transmitted, or the value of any property or