When you buy land with other property, you must split the cost between the land and the other property. This is so you can work out the cost of the land when you dispose of it and derive income under sections like sections CB 6A to CB 14 and CZ 39. You do this to figure out your income from the disposal of the land.

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This page was last updated on 29 January 2026 — View changes

Topics:

Money and consumer rights > TaxesHousing and property > Buying and selling homesHousing and property > Land use

DB 28: Amount from land affected by change and not already in income, or

"Money from selling land affected by change can be deducted if not already counted as income"

DB 30: Cost of certain minerals, or

"Tax deductions for costs related to non-industrial minerals"

Part DDeductions
Specific rules for expenditure types

DB 29Apportionment when land acquired with other property

If a person derives income under any of sections CB 6A to CB 14 and CZ 39 (which relate to the disposal of land) from the disposal of land, and the land is acquired together with other property, the cost of acquisition must be apportioned between the land and the other property.

Compare

2004 No 35 s FB 4A

Notes

Section DB 29: amended (with effect on 27 March 2021), on 30 March 2021, by section 29 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).