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HMRC internal manual

Capital Gains Manual

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HM Revenue & Customs
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Land: development value: introduction

The value of land often increases dramatically when it acquires development value, forexample following its adoption within a Local Authority development plan or following thegranting of planning permission. This fact has given rise to numerous special rules, andindeed special taxes. The main examples are as follows

  • For land held at 6 April 1965, and disposed of with development value, time- apportionment, see CG15570+, does not apply, see CG72602.
  • For disposals between 6 April 1967 and 22 July 1970, Betterment Levy, see CG72650-72651, was chargeable.
  • For disposals between 18 December 1973 and 31 July 1976, there was a special charge on development gains, see old CG8220.
  • For disposals between 1 August 1976 and 18 March 1985, Development Land Tax, see CG72660-72663, was chargeable, see old CG8250+.