Taxes Management Act 1970 section 77A

Application of Part VII to development land tax

Section 77A extended the interest provisions of Part VII of the Taxes Management Act 1970 to development land tax, a tax that was subsequently abolished.

• This section applied the interest on overdue tax and repayment interest rules in Part VII of the Taxes Management Act 1970 to development land tax.
• Development land tax was introduced by the Development Land Tax Act 1976 and was charged on gains from the disposal of land with development value.
• The tax was abolished by the Finance Act 1985, and section 77A was repealed along with it.
• This section is now spent and has no current practical application.