[257MR Excluded activities: property development]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MR  Excluded activities: property development]

[(1)     For the purposes of section 257MQ(1)(c) “property development” means the development of land—

(a)     by a company which has, or at any time has had, an interest in the land, and

(b)     with the sole or main object of realising a gain

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