Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 Schedule 14 paragraph 3
Premiums for leases
Paragraph 3 provides that where a premium is taken on the grant of a lease of land, the grant is treated as a part disposal of the larger interest out of which the lease is granted, with the value of the right to receive rent under the lease forming part of the value of the property remaining undisposed of.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.