CG71140 | Leases: disposal: short leases: introduction

A number of special rules apply to the disposal of a short lease, that is a lease with a remaining term of 50 years or less at the date of its disposal.

Those rules are dealt with in the following guidance:

• wasting of allowable expenditure: general, see CG71141

• disposal of lease acquired subject to a sub-lease not at a rack rent, see CG71170

• interaction with capital allowances, see CG71180

• disposal of a lease which was a wasting asset at 6 April 1965, see CG71190

• interaction with property income relief, see CG71200

• assignment of a short lease granted at under-value, see CG71210.