Income Tax Act 2007 section 517A

Overview of Part

Section 517A provides an introduction to the Part of the Act that deals with the income tax treatment of certain profits and gains arising from disposals connected with land in the United Kingdom.

• This Part of the Act addresses how specific profits and gains from UK land transactions are charged to income tax
• The provisions apply to disposals that are concerned with land situated in the United Kingdom
• The rules bring certain land-related profits and gains within the scope of income tax rather than capital gains tax
• The section serves as a signpost to the detailed rules contained in the remainder of the Part