Part 4

Property income
Chapter 2

Property businesses

Generating income from land

Meaning of “generating income from land”
207
1
In this Chapter “generating income from land” means exploiting an estate, interest or right in or over land as a source of rents or other receipts.
2
“Rents” includes payments by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out.
3
“Other receipts” includes—
a
payments in respect of a licence to occupy or otherwise use land,
b
payments in respect of the exercise of any other right over land, and
c
rentcharges and other annual payments reserved in respect of, or charged on or issuing out of, land.
4
For the purposes of this section a right to use a caravan or houseboat at only one location is treated as a right deriving from an estate or interest in land.