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PIM1113 | Wayleaves and other income: Other property income

From HM Revenue & Customs · Property Income Manual

The following rents and adjustments are treated as property income and charged under Part 3 of ITTOIA05 (income tax), but do not form part of a property business:

  • Chapter 7: adjustment income, see BIM34000.

  • Chapter 8: rent receivable in connection with a UK section 12 (4) concern, see PIM1117.

  • Chapter 9: rent receivable for UK electric-line wayleaves, see PIM1118.

  • Chapter 10: post-cessation receipts, see PIM3000.

The following rents and adjustments are treated as property income and charged under Part 4 of CTA09 (corporation tax), but do not form part of a property business:

  • CTA09/S261: adjustment on change of basis, see BIM34000.

  • Chapter 7: rent receivable in connection with UK section 39(4) concern, see PIM1117.

  • Chapter 8: rent receivable for UK electric-line wayleaves, see PIM1118.

  • Chapter 9: post-cessation receipts, see PIM3000.