VCM3080 - Excluded activities: property development
ITA07/S192(1)(g); ITA07/S303(1)(g)
S192(1)(g) and S303(1)(g) exclude property development.
ITA07/S196; ITA07/S307
Property development is defined as the development of land in which the company has, or has had, an interest, with the object of realising a gain from the disposal of the land when developed. It includes redevelopment.
For this purpose, 바카라 사이트˜interest in land바카라 사이트™ is defined in the legislation as any estate, interest or right over land including any right affecting the use or disposition of land; or any right to obtain such an estate, interest or right from another person, which is conditional upon the other person바카라 사이트™s ability to grant it.
References to an interest in land for this purpose do not include mortgage creditors or (in Scotland) the interest of a creditor in a charge or security of any kind over land.