Commentary

B6.303 Sums payable instead of rent

Business tax
Business tax | Commentary

B6.303 Sums payable instead of rent

Business tax | Commentary

B6.303 Sums payable instead of rent

A similar set of rules to those described in B6.301 applies if the terms of a lease provide that a sum becomes payable by the tenant instead of the whole or part of the rent for a period and that period is 50 years or less1.

The person (or company) who is due to receive the sum (not necessarily the landlord) is treated as entering into a property business transaction—a UK property business if the land to which the lease relates is in the UK or an overseas property business otherwise—and the deemed income (calculated

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