Assessments under ICTA88/S776 are made under Case VI of Schedule
D The gains are assessed on a receipts basis (see Yuill v Wilson
[1980] 52TC674).
In the assessment you should use the following form of words:
'Transactions in land - ICTA88/S776' or, if appropriate
'Transactions in property deriving its value from land -
ICTA88/S776'.
