Commentary

B3.1119 Business premises renovation—termination of lease

Business tax
Business tax | Commentary

B3.1119 Business premises renovation—termination of lease

Business tax | Commentary

B3.1119 Business premises renovation—termination of lease

On termination of a lease, if, with the consent of the lessor, a lessee remains in possession of the qualifying building after the lease has terminated, without a new lease being granted, the lease is treated as continuing as long as the lessee remains in possession1.

A new lease is treated as a continuation of the original lease if it is granted as a result of the exercise of an option available under the terms of the original lease2.

A lease is treated as if it had come to an end by surrender in consideration of

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