Transactions in land: Clearance applications: Time limit
S770 Income Tax Act 2007, S831 Corporation Tax Act 2010
This guidance applies only if you are an officer authorised to deal with clearance applications (see BIM60395).You must give your decision within 30 days, beginning with the day the application is received. See, though, BIM60415 where full information is not provided by the applicant and further investigation is necessary.
Due to this strict time limit, it is important that applications under these provisions are identified immediately they are received. These clearance applications should be passed to a relevant officer on receipt. For guidance on accepting that a transaction does not fall within the transactions in land provisions, see BIM60420. For guidance on refusing a clearance, see BIM60425.