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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Annual exempt amount: exploitation: fragmentation

This argument used to apply to land, on the authority of Thompson v Salah 47TC559. However, the Law of Property (Miscellaneous Provisions) Act 1989 provides that contracts in respect of land made on or after 27 September 1989 must be made in writing.