48. Sums paid by instalments.

If there is a receipt within the provisions relating to lease premiums1 or within those relating to the surrender, of a lease, or to the waiver or variation of the terms of a lease2 in respect of a premium which is payable by instalments, the person who is liable to pay tax by reference to the receipt may choose to pay the tax by such instalments as an officer of Revenue and Customs may allow