When is land acquired for a purpose or with an intention of disposal so that the amount derived from the sale is income?

This question we’ve been asked (QWBA) provides guidance about the circumstances in which an amount derived from the disposal of land acquired with a purpose or intention of disposal is income under s CB 6.  The QWBA explains how s CB 6 applies, and its relationship with the 2-year bright-line test.  The QWBA also discusses some common misconceptions about s CB 6 and includes examples illustrating when it will apply.  It replaces QB 16/06: Income tax – land acquired for a purpose or with an intention of disposal.