Taxation of Land Transactions

Covers all the changes in the taxation of land transactions since the abolition of the Development Land Tax and the introduction of the Inheritance Tax. Special categories of land, such as cemeteries, farm land and tolls are given separate treatment.

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Since the third edition of this book, the abolition of the Development Land Tax and the introduction of the Inheritance Tax has resulted in considerable changes in the taxation of land transactions. This new edition covers all these changes. It discusses the tax implications of various types of land transaction, both residential and commercial, and deals with the different types of situation that arise. It also discusses the tax considerations that must be borne in mind when dealing with particular categories of taxpayer. Special categories of land, such as cemetaries, farm land and tolls are given separate treatment. The book includes worked examples and provides definitions of the concepts employed. It should be useful for accountants across the range of practices, solicitors who are tax partners or are involved with conveyancy, tax bar, estate/property departments of listed companies and those in local government.