243 Rules for determining effective duration of lease
Corporation Tax Act 2009 (2009 c 4) | Legislation

Effective duration of lease

243  Rules for determining effective duration of lease

(1)     The following rules apply for determining the effective duration of a lease for the purposes of this Chapter.

Rule 1: ±õ´Ú—

(a)     the terms of the lease or any other circumstances make it unlikely that the lease will continue beyond a date before the end of the term for which the lease was granted, and

(b)     the premium was not substantially greater than it would have been had the

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