7U.K.In section 232 (tenants under taxed leases treated as incurring expenses) after subsection (4) insert—
“(4A)No expense is to be determined under this section by reference to the taxed receipt if subsection (4B) or (4C) applies.
(4B)This subsection applies if there would have been no taxed receipt but for the application of Rule 1 in section 243 in determining the effective duration of the lease.
(4C)This subsection applies if there would have been no taxed receipt but for the application of Rule 1 in section 303 of ITTOIA 2005 in determining the effective duration of the lease for the purposes of Chapter 4 of Part 3 of that Act.”