xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
6 SThe net present value (NPV) of the rent payable over the term of a lease is calculated by applying the following formula—
where—
r i 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 7).
Commencement Information
I1 Sch. 19 para. 6 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2