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HMRC internal manual

Capital Gains Manual

Land: development value: disposal after rule in CG72602 not applied

If

i) a part-disposal of land to which the rule in CG72602 does not apply is followed by a disposal or part-disposal of the remaining land, and
ii) the rule in CG72602 applies on that later disposal or part-disposal, the gain arising on the original part-disposal is to be recomputed using the 6 April 1965 valuation.
If the recomputation results in a greater gain, a further assessment should be raised, subject to the normal assessing time limits.

If a lower gain results, the appropriate discharge or repayment should be made.