Related Commentary  Related HMRC Manuals

356OB(1)  Section 356OC(1) applies (subject to subsection (3) of that section) if–

(a)a person within subsection (2)(a), (b) or (c) realises a profit or gain from a disposal of any land in the United Kingdom, and

(b)any of conditions A to D is met in relation to the land.

356OB(2)  The persons referred to in subsection (1) are–

(a)the person acquiring, holding or developing the land,

(b)a person who is associated with the person in paragraph (a) at a relevant time, and

(c)a person who is a party to, or concerned in, an arrangement within subsection (3).

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