Land acquisition tax

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232 Points Posted on 30 March 2023
Sir,
compensation given by govt on compulsory land acquisition is taxable or not..


if yes then how to calculate sir. (like same calculation for land sell as normal or some other way.)


thank you sir/madam
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On 30 March 2023 at 22:48 Report
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Quick Summary
This discussion explores whether compensation received from compulsory land acquisition is subject to tax in the UK. Participants are seeking clarification on the taxability of such payments and how any potential tax liability would be calculated, comparing it to standard land sales.

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289 Points Posted on 31 March 2023

I think it is not taxable. 

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On 31 March 2023 at 08:54
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CA
10436 Points Posted on 01 April 2023
It is taxable in the year of receipt.
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On 01 April 2023 at 23:51
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232 Points Posted on 02 April 2023
Thank you sir.. then tax liability will be same as simple land selling or some other clause sir
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On 02 April 2023 at 12:42

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