Section 853 | Relief for rent under new lease

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

(2)This section also applies if—

(a)Chapter 2 of Part 12A of ITA 2007 (provision for income tax corresponding to this Chapter) has effect, and

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

(3)Any provision of CTA 2009 or ICTA providing for deductions or allowances by way of corporation tax relief in respect of payments of rent applies 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 12A of ITA 2007.