BIM46285 | Specific deductions: premiums: office procedure

Where a taxable premium is paid there will often be a tax effect on two taxpayers:

• the landlord is taxable in respect of the premium received,

• the tenant qualifies for a deduction for the premium paid.

Where a case is being looked at critically, you should check that there is agreement between the figures being used.

For the procedure for verifying that there is such agreement and for dealing with cases where a tenant disputes the amount chargeable on the landlord, see PIM2340.