Part 19

Sale and lease-back etc
Chapter 1

Payments connected with transferred land

Interpretation etc

Lease and rent
846
1
This section applies for the purposes of this Chapter.
2
A reference to a lease includes a reference to any of the following—
a
an underlease, sublease, tenancy or licence, and
b
an agreement for a lease, underlease, sublease, tenancy or licence, and
c
in the case of land outside the United Kingdom, an interest corresponding to a lease (as defined here).
3
A reference to rent includes a reference to any payment under a lease.
4
A reference to rent under a lease includes a reference to expenses which the tenant under the lease is treated as incurring in respect of the land subject to the lease under any of—
a
sections 63 to 67 of CTA 2009 (land occupied for trade purposes), and
b
sections 232 to 234 of that Act (taxed leases).
5
Expenses within subsection (4) must be treated as having been paid as soon as they were incurred.