Chapter I DEVELOPMENT GAINS FROM LANDF1
- 38Certain development gains from land to be taxed as income.
- 39Exemption or relief for small disposals.
- 40Development losses.
- 41Disposals of interests in land effected indirectly.
- 42Disposals of interests in settled property.
- 43Special rates of charge for development gains accruing to trustees, personal representatives or unit trust schemes.
- 44Supplementary
Annotations
Textual amendments
- F1
See— Development Land Tax Act 1976 (c. 24), s. 35—Development Land Tax—which terminates, subject to ss. 36, 37and 38(3),the taxation of development gains accruing on and after 1August 1976. Development Land Tax Act 1976 (c. 24),repealed by Finance Act 1985 (c. 54, SIF 63:1), ss. 93, 98(6)and Sch.27 Part X. Finance Act 1985 (c. 54, SIF 63:1), s. 93(6)—abolished with effect from 19March Finance Act 1985 (c. 54, SIF 63:1), .
Notes on Part III
Textual amendments
- F1
Ss. 38–47 repealed Finance Act 1985 (c. 54, SIF 63:1), s. 98(6), Sch.27 Part X in relation to disposals of interests in land taking place on or after 19 March Finance Act 1985 (c. 54, SIF 63:1), but without affecting the construction of Capital Gains Tax Act 1979 (c. 14, SIF 63:1) Sch.5 para. 9(5).