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Legislation
Income Tax Act 2007

Crossheading Calculation of profit or gain on disposal

  • Section 517I Calculation of surplus on a disposal of land
  • Section 517J Apportionments
  1. Calculation of profit or gain on disposal
  2. Calculation of surplus on a disposal of land

Section 517I | Calculation of surplus on a disposal of land

From legislation.gov.uk

For the purposes of this Part, the profit or gain (if any) from a disposal of any property is to be calculated according to the principles applicable for calculating the profits of a trade under Part 2 of ITTOIA 2005, subject to any modifications that may be appropriate (and for this purpose the same rules are to apply in calculating losses from a disposal as apply in calculating profits).

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