Section 240

Cross references

ICTA 1988, s. 508B(1)(f): investment trusts investing in housing and meaning of “premium”.


LEASES OF LAND AS WASTING ASSETS: CURVED LINE RESTRICTION OF ALLOWABLE EXPENDITURE

Related Commentary  Related HMRC Manuals

1(1)  A lease of land shall not be a wasting asset until the time when its duration does not exceed 50 years.

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