Policy paper

Income Tax and Corporation Tax: disposals of land in the UK

This measure deals with changes to legislation in Finance Act 2016 on profits from trading in and developing land.

• From: HM Revenue & Customs
• Published: 8 March 2017
• Last updated: 3 February 2021 — See all updates

Documents

Income Tax and Corporation Tax: disposals of land in the UK

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Draft clause

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Draft explanatory notes

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Details

This measure amends the ‘Profits from Trading in and Developing Land’ legislation to remove the exception for contracts entered into before 5 July 2016 and bring all profits recognised in the accounts on or after 8 March 2017 into the charge to UK Corporation Tax or Income Tax.

Published 8 March 2017
Last updated 3 February 2021 + show all updates

1. 3 February 2021

   The contact details in the 'further advice' section have been updated.

2. 8 March 2017

   First published.