Related Commentary  

840(1)  This section applies if–

(a)section 839 has effect, and

(b)conditions A and B are met.

840(2)  Condition A is that under section 839 part of a payment which would otherwise be taken into account as mentioned in section 835(2)(c) or 836(2)(c) is not taken into account.

840(3)  Condition B is that one or more later payments are made, by the transferor or a person associated with the transferor, under–

(a)the lease (if section 839 has effect because of section 835(2)), or

(b)the rentcharge or other transaction mentioned in section 836(2)(b) (if section 839 has effect because of section 836(2)).

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