Income Tax Act 2007 section 753

Meaning of disposing of land

Section 753 defines what "disposing of land" means for the purposes of the income tax rules on transactions in land.

• Disposing of land covers not only outright sales but also any method by which land or an interest in land is transferred or its value is realised
• The definition is deliberately broad to capture arrangements that go beyond straightforward conveyances, including indirect disposals
• This wide scope ensures that transactions structured to avoid a direct sale still fall within the land transaction rules
• The definition originates from earlier legislation (ICTA section 776(4)) and has been updated by the Finance Act 2016 and Finance (No. 2) Act 2017