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 method of computing a gain is to be such as is just and reasonable in the circumstances, taking into account the value of what is obtained for disposal and allowing only such expenses as are attributable to the land disposed of1. In particular, where a freehold
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