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BIM41050 | Specific receipts: reverse premiums: contents

From HM Revenue & Customs · Business Income Manual

A reverse premium is a payment or other benefit received as an inducement to take on a lease or other interest in land. A reverse premium is treated for Income Tax and Corporation Tax purposes as a receipt of a revenue nature. If the transaction is entered into for the purposes of a trade, the reverse premium is a trade receipt. Otherwise, it is a receipt of a property business. The guidance on reverse premiums is arranged as follows.

Contents13 entries

  1. BIM41051Specific receipts: reverse premiums: meaning of ‘reverse premium’ and terms used in connection with reverse premiums
  2. BIM41052Receipts: reverse premiums: the commercial background
  3. BIM41055Specific receipts: reverse premiums: the legislation
  4. BIM41060Specific receipts: reverse premiums: tax treatment of the payer
  5. BIM41075Specific receipts: reverse premiums: meaning of ‘payment or other benefit’
  6. BIM41085Specific receipts: reverse premiums: fitting out costs
  7. BIM41090Specific receipts: reverse premiums: contributions to fitting out costs on assets qualifying for capital allowances
  8. BIM41105Specific receipts: reverse premiums: conveyance of a freehold
  9. BIM41110Specific receipts: reverse premiums: assignment of a lease
  10. BIM41125Specific receipts: reverse premiums: timing of the receipt - the normal case
  11. BIM41130Specific receipts: reverse premiums: timing of the receipt: the avoidance case: how to recognise it
  12. BIM41135Specific receipts: reverse premiums: timing of the receipt: timing in the avoidance case
  13. BIM41140Specific receipts: reverse premiums: specific exclusions