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.


Draft clause

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Draft explanatory notes


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