Introduction and definitions

Corporation tax is charged on rent that is received in connection with what the legislation labels as ‘a UK section 39(4) concern’ (CTA 2009, s. 270). To fall within this definition, rent (as defined: see below) must be receivable in respect of an estate, interest or right in or over land in the UK and the estate interest or right must be ‘used, occupied or enjoyed’ in connection with one of the following concerns (as listed in s. 39(4)):

(a)mines and quarries (including gravel pits, sand pits and brickfields);

(b)ironworks, gasworks, salt springs or works, alum mines or works, waterworks and streams of water;

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