[HMRC Tax Bulletin 10, February 1994]

A company received rents of £62,000 per year from the letting of property as follows:

£27,000 related to the letting of premises which had formerly been in use as business premises but were vacated on becoming surplus to requirements. No part of these premises was retained by the company for its own use;

£10,000 related to surplus land at factory premises. The company still used the factory and the remainder of the site;

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