12 Profits of mines, quarries and other concerns
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

12  Profits of mines, quarries and other concerns

(1)     Profits or losses arising out of land in the case of a concern to which this section applies are calculated as if the concern were a trade.

(2)     Any profits arising out of the land are charged to income tax as if the concern were a trade

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