There are an anti-avoidance rules (CTA 2010, Pt. 19, Ch. 1; formerly ICTA 1988, s. 779) which are aimed at preventing taxpayers from entering into transactions involving land which result in them:
•receiving a capital sum, which may bear relatively little tax; and
•paying revenue expenses, which are similar in total to the capital sum received, but which attract tax relief.
The rules are complementary to those at CTA 2010, Pt. 19, Ch. 3 and Ch. 4 which deal with plant and machinery, not land (see ¶269-500ff.; the rules applying for income tax purposes being broadly similar to those applying for corporation tax purposes).