Additional calculation rules for reducing certain receipts

Allowable deductions

Generally

Mineral extraction allowances, limit on

Not occupying land but dealing with land

Restrictions on expenses

Amount treated

Amount treated as a receipt

Any lease

Assignment of lease granted at undervalue

Certification from HMRC

Grant at an undervalue

Profit on an assignment

Capital gains tax

Charge to tax

Chargeable gains/allowable losses

Corporation tax

Appeals against determinations

Assignment of lease granted at undervalue

Deductions

Generally

Instalment payments

Leases, meaning

Lieu of rent

Premiums, meaning

Reduction in amount of premium charged

Revenue deduction, as

Reverse premiums

Sale of land with lease back

Sale of land with right to reconveyance

Short leases

Surrender of short-term lease

Variation or waiver of lease terms, payment for

Corporation tax receipts and deductions

Dealers in land

Deductions for

Deductions related payment

Delayed premiums or lump sum rents

Determinations affecting liability of more than one person

Appeals against

Tribunal by

Disposals under finance arrangements

Duration of a lease

Paid for grant of a lease of less than 50 years

Employer-provided accommodation

Generally

Grant of lease at undervalue

Grant of lease at undervalue, assignment for profit

Generally

Statement of accuracy

Income tax

Inducement payments

Meaning

Payment by installments

Payment of tax by instalments

Payments in lieu of rent

Receipts from property business

Additional calculation rules for reducing certain receipts

Amounts treated as receipts

Assignment for profit of lease granted at undervalue

Meaning of premium

Payment of tax by instalments

Pre-commencement receipts

Reduction of

Short-term lease

Sums paid

Sums payable instead of rent

Sums, meaning

Surrender of lease, sums payable

Tenant to carry out works

Variation or waiver in terms of lease, sums payable

Reconveyances

Reduction in amount of premium charged

Rent, sums payable instead of

Rent, treatment as

Revenue deduction, as

Reverse

Reverse premiums

Generally

Sale and leaseback

Sale of land with leaseback

Sale of land with right to reconveyance

Short leases

Generally

Grant of lease at undervalue

Lump sum rents and surrender payments

Portion of premium treated as rent

Premium foregone treated as income

Sale and leaseback income charges

Sale proceeds as income where right to reconveyance

Waiver or variation of terms

Short-term lease

Generally

Meaning

Short-term leases

Generally

Surrender of

Surrender of lease, sums payable for

Taxed leases, relief from charge

Variation or waiver of term of lease, sums payable for

Variations and waivers, payments for

Waiver or variation of terms

Work done by tenant

Work required on premises