BIM51660 - Builders, property dealers & developers: Development Land Tax

The Development Land Tax Act 1976 imposed tax on development value realised from land and on value deemed to be realised on the commencement of material development of land. The tax applied to disposals and deemed disposals between 1 August 1976 and 18 March 1985.

Problems encountered where Development Land Tax was charged in respect of land which is held by a trading concern as trading stock should be referred to CT&VAT (Technical).