BIM60395 - Land transactions: ICTA88/S776: Clearance applications

A person who considers that ICTA88/S776 may apply to a transaction can apply for a clearance under ICTA/S776 (2)(a) and (c).

The following conditions apply-

• Section 776(2)(b) must not be in point,
• the application must be in writing,
• the application must be made to the Inspector to whom the applicant makes tax returns,
• the applicant must provide full particulars of the disposal and all the background facts that are relevant in deciding whether the Section might apply.

Further guidance on clearance applications is arranged as follows