Part 7 Property Income
Corporation Tax Act 2009 (2009 c 4) | Legislation

Part 7 Property Income

Lease premiums

35

Section 217 does not apply in relation to a lease granted pursuant to a contract entered into before 4 April 1963.

Lease premiums: sums payable instead of rent

36

Section 219 does not apply in relation to a lease granted—

(a)     before 6 April 1963, or

(b)     pursuant to a contract entered into before 4 April 1963.

Lease premiums: sums payable for surrender of lease

37

Section 220 does not apply in relation to a lease granted—

(a)     before 6 April 1963, or

(b)     pursuant to a contract entered into before 4 April 1963.

Lease premiums: assignments for profit of lease granted at undervalue

38

Section 222 does not apply in relation to a lease granted—

(a)     before 6 April 1963, or

(b)     pursuant to a contract entered into before 4 April 1963.

Lease premiums: pre-commencement receipts under ICTA treated as taxed receipts

39

(1)     This paragraph relates to the operation of sections 227 to 235 where, in respect of a lease—

(a)     there is a receipt of a Schedule A business or an overseas property business (within

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