Commentary on Sections Overview Chapter 3: Profits of property businesses: basic rules Section 213: Certain amounts brought into account under Part 3
795.This section excludes from the profits of a property business certain income from land that, exceptionally, may be taxed as profits of a trade. It is based on section 15 of ICTA. See Changes 4, 5 and 6 in Annex 1 and the commentary on sections 43, 44 and 45. The corresponding rule for income tax is in section 273 of ITTOIA .