Income Recognition for Property Developments
1 hour CPD
Explore income recognition for property developments under PCG 2026/D2, including key insights from the Morton decision.
Explore income recognition for property developments under PCG 2026/D2, including key insights from the Morton decision.
In this session, we cover:
Overview of the key legal principles relevant to determining whether development gains will be taxed on revenue or capital account, illustrated by a discussion of the recent Morton case
Differences between time of derivation of income for revenue vs capital profits
Discussion of TR 2018/3 and PCG 2026/D2