Related Commentary  Related HMRC Manuals

346(1)  Rent receivable for a UK electric-line wayleave is not chargeable to tax under this Chapter for a tax year if–

(a)a person carries on a UK property business in relation to some or all of the land to which the wayleave relates, and

(b)receipts (other than rents receivable for UK electric-line wayleaves) in respect of some or all of that land are brought into account in calculating the profits of the business for the tax year.

346(2)  In such a case, the rent receivable for the UK electric-line wayleave is brought into account in calculating the profits of the person's UK property business.

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