Taxes Consolidation Act 1997 Schedule 14 paragraph 4

Payments during currency of lease treated as premium

Paragraph 4 treats certain payments made during the currency of a lease — sums in lieu of rent, sums for the surrender of a lease, and sums for the variation or waiver of lease terms — as additional premiums for capital gains tax purposes.

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.