196 Excluded activities: property development
Income Tax Act 2007 (2007 c 3) | Legislation

196  Excluded activities: property development

(1)     This section supplements section 192(1)(g).

(2)     “Property development” means the development of land—

(a)     by a company which has, or at any time has had, an interest in the land, and

(b)     with the sole or main object of realising

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