Commentary on Sections Overview Overview Section 765: Exemption: gain attributable to period before intention to develop formed
2240.This section exempts that part of a gain which is fairly attributable to a period before the intention to develop the land was formed. It is based on section 776(7) of ICTA.
2241.It is the first of a group of three exemptions, which are set out in sections 765 to 767.