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HMRC internal manual

Capital Gains Manual

Land: valuation: introduction: land includes buildings

TCGA92/S288 (1)

TCGA92/S288 (1) defines land for the purpose of Capital Gains Tax as including messuages, tenements, and hereditaments, houses and buildings of any tenure.

Similarly, for the purpose of this guidance, valuations of land include valuations of any buildings standing on that land. Also valuations of land will include the value of any fixed plant or machinery, see CG77002.