Corporation Tax Act 2009 (c. 4)

Part 4 Property income

Chapter 10 Supplementary

Other supplementary provisions

289 Effect of company starting or ceasing to be within charge to corporation tax

(1) This section applies if a company starts or ceases to be within the charge to corporation tax in respect of a property business.

(2) The company is treated for the purposes of this Part—

(a) as starting to carry on the business when it starts to be within the charge, or

(b) as ceasing to carry on the business when it ceases to be within the charge.

290 Overseas property businesses and overseas land: adaptation of rules

(1) This section applies if a provision of this Part—

(a) applies to an overseas property business or land outside the United Kingdom, but

(b) is expressed by reference to a domestic concept of law.

(2) In relation to that business or land, the provision is to be read so as to produce the result most closely corresponding with that produced by the provision in relation to a UK property business or land in the United Kingdom.

291 Meaning of “lease” and “premises”

(1) In this Part “lease” includes—

(a) an agreement for a lease (so far as the context permits), and

(b) any tenancy,

but does not include a mortgage.

(2) In this Part “premises” includes land.