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Legislation
Income Tax Act 2007

Crossheading New lease treated as ending

  • Section 681BE New lease treated as ending
  • Section 681BF Position where rent reduces
  • Section 681BG Position where lease may be ended
  • Section 681BH Position where lease may be varied
  • Section 681BI Lease treated as ending: rentcharge
  1. New lease treated as ending
  2. Lease treated as ending: rentcharge

Section 681BI | Lease treated as ending: rentcharge

From legislation.gov.uk

(1)Subsection (2) applies if a rentcharge payable by L, or a person linked to L, is secured on all or part of the property subject to the new lease.

(2)For the purposes of sections 681BF to 681BH the rent payable under the new lease must be treated as equal to the sum of the rentcharge and the rent payable under the lease.

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