Related Commentary  Related HMRC Manuals

62(1)  Sections 63 to 67 apply if land used in connection with a trade is subject to a taxed lease.

62(2)  Section 63 (tenants occupying land for purposes of trade treated as incurring expenses) applies in calculating the profits of a trade carried on by the tenant under the taxed lease for the purpose of making deductions for the expenses of the trade.

62(3)  But any deduction for an expense under section 63 is subject to the application of any provision of Chapter 4 of this Part.

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