The Profits from Trading in and Developing UK land rules are anti-avoidance provisions. They amend and replace the previous 'Transactions in land' provisions.

This is a freeview 'At a glance' guide to Profits from Trading in and Developing UK land.

Summary of the anti-avoidance rules:

  • The rules extend UK taxation to all profits from trading in and developing UK land, regardless of the residence of the owner.
  • Apply to both UK resident and non-resident individuals and businesses.
  • Offshore developers and dealers of UK land are subject to UK tax on their profits and do not require a UK permanent establishment.

The measures are effective from 5 July 2016 with anti-avoidance provisions in place since 17 March 2016.

For more details on these measures see our subscriber guide Profits from dealing in or developing UK land

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