66 Restrictions on section 63 expenses: lease premium receipts
Corporation Tax Act 2009 (2009 c 4) | Legislation

66  Restrictions on section 63 expenses: lease premium receipts

(1)     This section applies if a lease has been granted out of the taxed lease and—

(a)     in calculating the amount of a receipt of a property business under Chapter 4 of Part 4 (profits of property businesses: lease premiums etc) in respect of the lease, there is a reduction under section 228 (the additional calculation rule) by reference to the taxed receipt, or

(b)     in calculating the amount of a receipt of a property business under Chapter 4 of Part 3 of ITTOIA 2005 (profits of property businesses: lease premiums etc) in respect of the lease, there is a reduction under section

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