Corporation Tax Act 2010 section 356OA

Overview of Part

Section 356OA provides an overview of the Part of the Corporation Tax Act 2010 that deals with the corporation tax treatment of certain profits and gains arising from disposals connected with land in the United Kingdom.

• This Part of the Act addresses how corporation tax applies to profits and gains from disposals involving UK land.
• The provisions target specific types of transactions concerned with land, rather than all land-related activities.
• Only land situated in the United Kingdom falls within the scope of these rules.
• The rules were introduced by the Finance Act 2016 to strengthen the taxation of profits from UK land transactions.