77 Corporation tax: transactions in UK land
Finance Act 2016 (2016 c 24) | Legislation

77  Corporation tax: transactions in UK land

(1)     In CTA 2010, after Part 8ZA insert—

“Part 8ZB
Transactions in UK Land

Introduction

356OA Overview of Part

This Part contains provision about the corporation tax treatment of certain profits and gains realised from disposals concerned with land in the United Kingdom.

Amounts treated as profits of a trade

356OB Disposals of land in the United Kingdom

(1)     Section 356OC(1) applies (subject to subsection (3) of that section) if—

(a)     a person within subsection (2)(a), (b) or (c) realises a profit or gain from a disposal of any land in the United Kingdom, and

(b)     any of conditions A to D is met in relation to the land.

(2)     The persons referred to in subsection (1) are—

(a)     the person acquiring, holding or developing the land,

(b)     a person who is associated with the person in paragraph (a) at a relevant time, and

(c)     a person who is a party to, or concerned in, an arrangement within subsection (3).

(3)     An arrangement is within this subsection if—

(a)     it is effected with respect to all or part of the land, and

(b)     it enables a profit or gain to be realised—

(i)

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