Please use the following form of words, suitably adapted to the
particular circumstances, for granting, or refusing, clearances:
'Thank you for your application under ICTA88/S776 (11)
received (date).
In that application you supply particulars of a gain of a
capital nature that has arisen (will arise) from a (an indirect)
disposal of land, to which you consider ICTA88/S776 (2)(a) or
ICTA88/S776 (2)(c) may apply.
I am (not) satisfied that, in the circumstances described in
the application, the gain will not be chargeable to tax under that
Section'.
See also
BIM60430 concerning transactions that
may fall within Schedule D Case I.
