Commentary

B6.502 Rent receivable from UK electric-line wayleaves

Business tax
Business tax | Commentary

B6.502 Rent receivable from UK electric-line wayleaves

Business tax | Commentary

B6.502 Rent receivable from UK electric-line wayleaves

Rent receivable in respect of a UK electric-line wayleave is subject to income or corporation tax and for income tax purposes the tax is charged on the full amount of the profits arising1. For income tax purposes the person liable to income tax is the person receiving or entitled to the rent2.

This charge covers rent receivable in respect of an easement, servitude or right in or over land in the UK if the easement, servitude or right is enjoyed in connection with an electric, telegraph or telephone wire or cable3. In particular, this

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