2213.This section imposes the charge to income tax on gains from transactions in land. It is based on section 776(3A) of ICTA. It is the first of a group of sections (sections 755 to 760) which form the core of the Chapter.
2214.Subsection (2) signposts exemptions from the charge.
Commentary on Sections Overview Overview Section 755: Charge to tax on gains from transactions in land