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BIM46250 | Specific deductions: premiums: contents

From HM Revenue & Customs · Business Income Manual

This chapter deals with the deductions which can be made in calculating the profits of a trade where a premium is paid for a lease of no more than 50 years and the land subject to the lease is used by the tenant in connection with a trade.

For guidance on reverse premiums, see BIM41050 onwards.

The guidance is arranged as follows:

Contents8 entries

  1. BIM46251Specific deductions: premiums: introduction
  2. BIM46255Specific deductions: premiums: calculation of revenue expense
  3. BIM46260Specific deductions: premiums: artificial leasing transactions
  4. BIM46265Specific deductions: premiums: assignment of lease
  5. BIM46270Specific deductions: premiums: tied premises
  6. BIM46275Specific deductions: premiums: Falkirk & Lennard cases
  7. BIM46280Specific deductions: premiums: prevention of double allowance
  8. BIM46285Specific deductions: premiums: office procedure