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.
The gain must be obtained by:
- Ìý
(a)ÌýÌýÌýÌý the person acquiring, holding or developing the land; or
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(b)ÌýÌýÌýÌý a person connected with a person within (a); or
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(c)ÌýÌýÌýÌý a person who is a party to, or concerned in, an arrangement or scheme which enables a gain to be realised in respect of the land by any indirect method or by a series of transactions1
An arrangement or scheme may consist of any number of transactions if a common purpose can be discerned or there is other sufficient
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