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 5
Sub-leases out of short leases
Paragraph 5 sets out how allowable expenditure is apportioned when a sub-lease is granted out of a short lease (one with 50 years or less to run) for a premium, replacing the normal part-disposal rules in section 557 with a formula based on the wasting asset table in paragraph 2.
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.