21(1)[F1Section 222 of the Corporation Tax Act 2009 (lease] granted at an undervalue) shall not apply in the case of any lease which, in accordance with a transfer scheme, is granted—U.K.
(a)to a company which is a transferee under that or any other transfer scheme, or
(b)by such a company to the BBC.
(2)[F2Sections 62 to 67 of the Corporation Tax Act 2009 (tenants occupying land for purposes of trade treated as incurring expenses)] shall not apply where there is an amount which would have become chargeable in relation to any land but for sub-paragraph (1); and, accordingly, references to any such amount shall not be included in references in [F2those sections to the taxed receipt] .
(3)In this paragraph “lease” has the same meaning as in [F3Part 4 of the Corporation Tax Act 2009 (see section 291 of that Act)] .
Textual Amendments
F1Words in Sch. 7 para. 21(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 446(3)(a) (with Sch. 2 Pts. 1, 2)
F2Words in Sch. 7 para. 21(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 446(3)(b) (with Sch. 2 Pts. 1, 2)
F3Words in Sch. 7 para. 21(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 446(3)(c) (with Sch. 2 Pts. 1, 2)