Construction Industry Scheme (CIS) clauses for an agreement for lease
Construction Industry Scheme (CIS) clauses for an agreement for lease

The following Tax precedent provides comprehensive and up to date legal information covering:

  • Construction Industry Scheme (CIS) clauses for an agreement for lease

    1. 1

      Construction Industry Scheme—for use where the landlord’s contribution is a reverse premium

      The Landlord and Tenant acknowledge that the Landlord’s Contribution is a reverse premium within Income Tax (Construction Industry Scheme) Regulations 2005, paragraph 20 and that it is not a contract payment for the purposes of Finance Act 2004, Chapter 3, Part 3

    1. 2

      Construction Industry Scheme—for use where landlord is making payment to the tenant for works and CIS will or may apply

      1. 2.1

        In this clause 2:

        ‘Contract Payment’ has the meaning given to it in FA 2004, s 60(1)

        ‘Contractor’ means a person who is a contractor under FA 2004, Chapter 3, Pt 3

        ‘FA 2004’ means Finance Act 2004

        ‘hmrc’ means HM Revenue & Customs

        ‘Order’ means Finance Act 2004, s 61(2), (Relevant Percentage) Order 2007 (SI 2007/46)

        ‘Regulations’ means Income Tax (Construction Industry Scheme) Regulations 2005 (SI 2005/2045)

        ‘Sub-contractor’ means a person who is a sub-contractor under FA 2004, Chapter 3, Pt 3

      1. 2.2

        The parties agree that the rights and obligations of this ag

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