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Home / Simons-Taxes /Capital gains tax /Part C2 Computation of chargeable gains /Division C2.11 Land and interests in land /Land and interests in land—generally / C2.1108 Sale of land with right to reconveyance or leaseback—capital gains
Commentary

C2.1108 Sale of land with right to reconveyance or leaseback—capital gains

Capital gains tax

Where a person sells land or an interest in land with a right to have it reconveyed back to them (or to a person connected with them) within 50 years at a lower price, part of the price difference is treated for income tax or corporation tax purposes as a receipt of a property business. The part so treated depends on the length of the period between the sale and the reconveyance. Similar treatment applies where a person sells land or an

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