# Income Tax Act 2007, Section 517I: Calculation of surplus on a disposal of land


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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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/517I (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-517I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.