The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Where a premium is required under a lease of land, which is a short lease, a landlord is treated as receiving, when the lease is granted, an amount of rent (additional to any actual rent) equal to the amount of the premium reduced by one-fiftieth for each complete year, less one, comprised in the duration of the lease.
When the short lease is granted out of a freehold or long lea
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