SCHEDULE 28 Lease Premium Relief
Finance Act 2013 (2013 c 29) | Legislation

SCHEDULE 28 Lease Premium Relief

Section 75

Income tax

1

ITTOIA 2005 is amended as follows.

2

In section 61 (tenants occupying land for purposes of trade treated as incurring expenses) after subsection (5) insert—

“(5A)     No expense is to be determined under this section by reference to the taxed receipt if section 292(4B) or (4C) applies.â€

3

In section 292 (tenants under taxed leases treated as incurring expenses) after subsection (4) insert—

“(4A)     No expense is to be determined under

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