Related Commentary  Related HMRC Manuals

844(1)  Subsection (3) applies–

(a)for the purpose of making a comparison under rule 4 of section 838(3) if section 838 has effect because of section 835(1), and

(b)for the purpose of making a comparison under section 839(3) if section 839 has effect because of section 835(2).

844(2)  In this section “the actual lease” means the lease mentioned in section 835(1)(b) or (2)(b).

844(3)  The commercial rent is the rent which might be expected to be paid under a lease, of the land in respect of which the payment mentioned in section 835(1)(b) or (2)(b) is made, which–

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