xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
31E+WThe NPV of the rent payable over the term of a lease is calculated by applying the following formula—
Figure 8 where—
ri is the rent payable in respect of year i,
i is the first, second, third etc. year of the term of the lease,
n is the term of the lease, and
T is the temporal discount rate (see paragraph 32).
Commencement Information
I1Sch. 6 para. 31 in force at 1.4.2018 by S.I. 2018/34, art. 3