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Notes:
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Closure notices referring to omitted “property developing income” – whether the “matter in question” (sections 49D(3) and 49I TMA 1970) also included an alternative capital gains tax (CGT) liability – yes –whether profits derived from three similar transactions of purchase, redevelopment and sale of dwelling houses constitute trading profits – no – whether profits exempt from CGT as gains arising on disposals of individual’s sole or main residence (section 222 TCGA 1992) - yes |
