S99 Income Tax (Trading and Other Income) Act 2005, S96 Corporation Tax Act 2009

A payment or other benefit is a ‘reverse premium’ if it meets all of the following conditions and it is not one of the excluded cases at BIM41090 and BIM41140. The conditions are:

a person receives the payment or benefit as an inducement in connection with a transaction being entered into either by the recipient or a connected person;

the transaction (the ‘property transaction’) is one under which the recipient or connected person becomes entitled to an estate, interest or right in or over land; and

the payment or benefit is paid or provided by:

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