Commentary

C2.1215 Premium for a lease

Capital gains tax
Capital gains tax | Commentary

C2.1215 Premium for a lease

Capital gains tax | Commentary

Grant of a lease

C2.1215 Premium for a lease

Where a premium is paid under a lease of land, there is a part disposal of the freehold or other asset out of which the lease is granted1. As regards the computation of the chargeable gain or allowable loss on such a part disposal, see C2.1216–C2.1233.

Apart from the straightforward case where a lessee pays a premium to his landlord on the grant of a lease, a 'premium' includes any like sum, whether payable to an intermediate or a superior landlord2. An intermediate landlord is a landlord who is not the direct lessor of the

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