Corporation Tax Act 2009 (c. 4)

Part 4 U.K. Property income

Chapter 4 U.K. Profits of property businesses: lease premiums etc

Amounts treated as receipts: leases U.K.

[F1 221A Sums to which sections 217 to 221 do not apply U.K.

(1) This section applies if a grant of a lease constitutes a disposal of an asset for the purposes of section 758(2)(b) or 763(2)(a) of CTA 2010 (disposals under finance arrangements).

(2) Sections 217 to 221 do not apply in relation to a premium paid in respect of the grant.]

Textual Amendments

F1 S. 221A inserted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 600 (with Sch. 2)