Section 681BD | Relief for rent under new lease

(1)This section applies if the rent under the new lease is payable by a person within the charge to income tax.

(2)This section also applies if—

(a)Chapter 2 of Part 19 of CTA 2010 (provision for corporation tax corresponding to this Chapter) has effect, and

(b)the rent under the new lease is payable by a person within the charge to income tax.

(3)The provisions of ITTOIA 2005 providing for deductions or allowances by way of income tax relief in respect of payments of rent apply in relation to the rent under the new lease.

(4)In subsection (2), and in subsection (3) as applied by subsection (2), references to the new lease and rent are to be read as in Chapter 2 of Part 19 of CTA 2010.