Classification Detail
CPC, Provisional - Code 82103
Hierarchy
Section:
Division:
Group:
Class:
SubClass:
82103 - Residential buildings and land sales
Explanatory note
Sales on own account of residential buildings and land in cases where the sales are treated as sales of trading stock by the seller, but not sales of property where the sales are disposals of the fixed assets of the selling unit. Examples of residential properties include houses with land, multiple dwelling buildings with land and individual dwelling units within such buildings, such as individual apartments or condominiums. Such property can be either leasehold or freehold. Also included are own account sales of residential buildings that have been constructed on contract by a construction unit for the selling unit and which are treated as trading stock by the seller.
Exclusion: Sales of property that has been physically constructed by the selling unit are classified in group 512 (Construction work for buildings).
Correspondence
This code corresponds to the following:
To obtain the full list of correspondences please visit this link