Section CB 20 — Income Tax Act 2007: Business exclusion from sections CB 12 and CB 13

CB 20 Business exclusion from sections CB 12 and CB 13 Sections CB 12 and CB 13 do does not apply if— (a) the work involved in the undertaking or scheme is to create or effect a development, division, or improvement; and (b) the development, division, or improvement is for use in, and for the purposes of, the carrying on of a business by the person on the land; and (c) the business does not consist of the undertaking or scheme. Defined in this Act: business , land Compare: 2004 No 35 s CB 18 Section CB 20: amended, on 1 April 2008, by section 311(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section CB 20 heading: amended, on 1 April 2008, by section 311(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).