[517B Disposals of land in the United Kingdom]
Income Tax Act 2007 (2007 c 3) | Legislation

[Amounts treated as profits of a trade]

[517B  Disposals of land in the United Kingdom]

[(1)     Section 517C(1) applies (subject to subsection (3) of that section) if—

(a)     a person within subsection (2)(a), (b) or (c) realises a profit or gain from a disposal of any land in the United Kingdom, and

(b)     any of conditions A to D is met in relation to the land.

(2)     The persons referred to in subsection (1) are—

(a)     the person acquiring, holding or developing the land,

(b)     a person who is associated

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