Commentary

B3.909 Holding over by lessees

Business tax
Business tax | Commentary

B3.909 Holding over by lessees

Business tax | Commentary

B3.909 Holding over by lessees

Assured tenancy allowances are not available for any expenditure incurred after 31 March 1992, see B3.901.

The provisions include rules in relation to leases, lessors and lessees where the relevant interest in relation to expenditure on the construction of a building is a lease1.

Where, with the consent of the lessor, a lessee of any building remains in possession after the termination of the lease without a new lease being granted to him, that lease is deemed to continue so long as he so remains in possession2.

Where, on the termination of a lease, a new lease is

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